Crypto traders are showing increasing optimism, as indicated by the "Fear and Greed Index" which has climbed to 83, signifying "Extreme Greed." This index uses several factors to measure market sentiment, including volatility, social media mentions, market momentum, and surveys. A score near zero indicates "Extreme Fear," while a score near 100 indicates "Extreme Greed." Notably, the index has remained in the "Extreme Greed" zone for an extended period, suggesting sustained bullish sentiment among traders.