It’s really fascinating to see this pattern

BTC above 65k people are absolutely bullish and fear and greed index skyrockets toward greed region.

BTC below 62k and people are absolutely scared and fear and greed index goes straight to fear region

This usually happens in Accumulation and distribution phase. The only question you need to ask? Who is the one that is in distribution and who is the one accumulating. Watching whales activity and BlackRock ETF inflows + Retail and small BTC holder activity and you have a clear answer.

The accumulation is on big players hands while selling is on small players hands. Now ask the next question. What market maker sentiment is currently in the market, are they creating a bullish or bearish sentiment? The answer is clear again. Now it’s up to you to decide following the smart money or the retail decisions.