Crypto Fear & Greed returns to Greed, while market structure remains below extreme euphoria 📊 The CMC Crypto Fear & Greed Index stands at 77, easing from 78 yesterday but still far above the Fear reading of 38 one month ago. The index reached 82 on August 27, its yearly high, while Bitcoin trades near $78,000–$79,000 after a strong August rally. 🔎 Despite the rapid improvement in sentiment, on-chain data remains relatively balanced. MVRV is around 1.49, NUPL near 0.33, and Reserve Risk remains low, suggesting network valuation has not yet entered levels typically associated with late-cycle euphoria. 💰 ETF flows continue to support the market, but have become more two-way after U.S. spot Bitcoin ETFs recorded roughly $202 million in outflows on August 28. Funding rates and futures basis also remain only mildly positive, indicating leverage is not yet excessive. ⚠️ This divergence between sentiment and valuation makes the $80,000–$83,000 area important to watch. Elevated F&G increases the risk of profit-taking or short-term consolidation, but the index alone is not enough to confirm a major top. #CryptoInsight $BTC $ETH $DEBIT