Crypto market sentiment has entered a period of extreme greed!
The Fear and Greed Index soared to 90 this week, reaching a state of extreme greed.
Looking back over the past few years, there have been three occasions when the figure reached 90 or higher:
The first was at the end of June 2019; the second was from the end of October 2020 to the beginning of February 2021; the third was at the beginning of March 2024. Among them, the first and third times soared to 90 and then quickly turned downward, and the market also reversed rapidly.
Only from October 2020 to the first quarter of 2021, the Fear and Greed Index was in an extremely greedy state of over 90 for more than ten weeks, and the greed index reached a maximum of 95.
The logic here is that in a volatile market that turns from bear to bull, the state of extreme greed is difficult to maintain for a long time. However, in the climax of a bull market, the state of extreme greed can last for a long time until the emotions are finally exhausted. Which of the previous situations will this time be similar to?
The trend of Bitcoin is quite healthy. When the trend has come, don't always think about the callback. The daily level has just begun, which means that if it does not hit 100,000+, the market will not have any idea of callback. It is expected to hit 100,000+ soon.
Some altcoins have also seen significant increases in the past two days. Om has driven the entire Rwa track to rise, and at the public chain level, Hbar, Xtz, etc. have all seen significant increases.
The market will rise in a bull market, it’s just a matter of how much.
When will Ethereum, the runner-up for a thousand years, rise?
When Bitcoin (BITC) was at 40,000, Ethereum (ETH) was at 3,000; when Bitcoin reached 60,000, Ethereum was still at 3,000; now Bitcoin is at 90,000, Ethereum is still at 3,000. Fans often send private messages asking why we don’t talk about Ethereum, but it is so sluggish now, what else is there to talk about? The strong performance of Ethereum in the last round was because ICO and DeFi had to use it a lot, so its price could rise from the lowest of more than 80 in 2018 to nearly 5,000 in the last round. But what are the highlights of Ethereum this round?
After waiting for an ETF for a long time, everyone is chasing Bitcoin, and Solana (SOL) is also gaining momentum. I have said before that if I had to choose, at least for now, I would choose SOL.
What about the second child? Here are some of my personal opinions:
If ETFs are open to staking, although the yield is not high, it is still quite attractive to big finance. And as the yield of old US bonds continues to fall, the staking of Ethereum (ETH) will become more and more advantageous.
The other thing is to wait for funds to flow back to Ethereum, hoping that it can catch up, but these are all later stories, and the main upward trend is likely to appear in the middle and late stages. However, for those who currently hold Ethereum, the waiting process is quite painful. As for how to operate now, there is actually no need to worry too much, after all, there are many more worthy of attention in this round at this stage.
Although we currently do not see sufficient reasons for Ethereum to rise, we can still look forward to it in the future.
The bull market is divided into different stages, and it is difficult for ordinary retail investors to reap the dividends of each stage:
Take last year for example. First there was the inscription market at the beginning of the year, followed by the AI, DEPIN, and RWA markets, followed by the Sol, Ton, and Sui markets, and the Pump Meme market that ran through the entire bull market, and recently there is the national pvp market. I guess most people could only seize one or two opportunities.
Although your wealth may grow rapidly, the bull market process is long and full of various pitfalls.
For example, Dexx was wiped out over the weekend, and many friends lost their achievements in PVP. In the last round of Fb mining, many people put all the money they earned from inscriptions and runes into Fb, but they were harvested. However, BN mining pool added Fb to BTC mining rewards, and Fb was immediately revived, and the price doubled instantly.
The logic of this round of market is quite confusing. If you still follow the path dependence and still use rationality and data thinking to explore valuable projects, then you are likely to hold some worthless VC coins. And those Meme coins that you look down on and seem to be playing tricks on others are scams at first glance, which is very insulting to your intelligence, such as Spx, the leader of cult coins, but it is precisely this kind of coin that can increase by a hundred times.
When you can recognize that their situation is reasonable, you will truly understand how to participate in this bull market. Simply put, follow the trend and don't be too self-righteous!
