Bitcoin Holds Above $84K as Greed Cools, With No Sign of Extreme FOMO Yet
🟡 The CMC Crypto Fear and Greed Index currently stands at 73 – Greed, virtually unchanged from yesterday and last week, but notably below the 82 – Extreme Greed reading seen in late August. BTC remains around $84,400–$84,800, suggesting sentiment has cooled without a comparable deterioration in price.
📊 On-chain data also shows limited signs of overheating. MVRV remains around 1.5–1.6, NUPL is still in the Hope zone, while SOPR sits near 1, indicating the market is broadly profitable without aggressive profit-taking.
⚙️ Derivatives funding remains close to neutral, while BTC dominance near 58.5% suggests capital rotation is still selective rather than spreading broadly across altcoins.
🌐 Macro conditions remain a constraint as US yields stay elevated, while total stablecoin supply has been nearly flat over the past 90 days. This suggests the current recovery has yet to be supported by a major new wave of crypto liquidity.
#CryptoMarket $BNB $XRP $TRX
🟡 The CMC Crypto Fear and Greed Index currently stands at 73 – Greed, virtually unchanged from yesterday and last week, but notably below the 82 – Extreme Greed reading seen in late August. BTC remains around $84,400–$84,800, suggesting sentiment has cooled without a comparable deterioration in price.
📊 On-chain data also shows limited signs of overheating. MVRV remains around 1.5–1.6, NUPL is still in the Hope zone, while SOPR sits near 1, indicating the market is broadly profitable without aggressive profit-taking.
⚙️ Derivatives funding remains close to neutral, while BTC dominance near 58.5% suggests capital rotation is still selective rather than spreading broadly across altcoins.
🌐 Macro conditions remain a constraint as US yields stay elevated, while total stablecoin supply has been nearly flat over the past 90 days. This suggests the current recovery has yet to be supported by a major new wave of crypto liquidity.
#CryptoMarket $BNB $XRP $TRX
