The price of Bitcoin has surpassed the 97,000 mark, but surprisingly, the Fear and Greed Index has not risen accordingly, instead dropping to 82, still in the extreme greed zone.
The phenomenon of emotional divergence still exists; if the price continues to rise while this index struggles to break 90, this round of pushing towards 100,000 may be the last frenzy.
Although the cryptocurrency market is not feeling the hype, the performance of MicroStrategy (MSTR) and ETFs in the dollar market has already revealed strong FOMO sentiment.