$BTC retail investors are shorting, and there are more short sellers than buyers.
Institutions are going long. Compared to 2020, which is four years ago, the greed and fear index can actually stay above 90 for a while, but this time it only lasted a few days, so it is highly likely that the upward trend has not ended. The decline on the daily chart can be seen as a pin bar.
This is my thought, feel free to leave a comment with your opinion.