Price went up and greed went down. $BTC gained 2.2% to 85,274, yet the Fear and Greed index slipped to 72 from 74.
I like that mix. A rally that does not heat up sentiment usually has more room than one where everyone gets excited at once. BTC also led on volume, about 1.49B USDT, so this was not a thin move.
Under the surface, money is picking names, not buying everything. $AAVE is up 7.2% at 175.24 on about 43.7M USDT. On the other side, $QNT lost another 14% to 253.39, even with BTC green. That is rotation out of last week's winners into coins that have not run yet.
My view: mildly constructive on BTC while sentiment stays below the excitement zone. If the index jumps back toward the high 70s on the next push, I get more careful. If BTC loses 84,000, today's move did not hold.
Watching next: whether AAVE keeps rising on more volume, or fades with QNT.
#Aave #MarketSentiment
I like that mix. A rally that does not heat up sentiment usually has more room than one where everyone gets excited at once. BTC also led on volume, about 1.49B USDT, so this was not a thin move.
Under the surface, money is picking names, not buying everything. $AAVE is up 7.2% at 175.24 on about 43.7M USDT. On the other side, $QNT lost another 14% to 253.39, even with BTC green. That is rotation out of last week's winners into coins that have not run yet.
My view: mildly constructive on BTC while sentiment stays below the excitement zone. If the index jumps back toward the high 70s on the next push, I get more careful. If BTC loses 84,000, today's move did not hold.
Watching next: whether AAVE keeps rising on more volume, or fades with QNT.
#Aave #MarketSentiment
