Deribit Head of Asia-Pacific Business: There has been extreme greed for five consecutive days, we need to pay attention to the trend of the U.S. stock market opening tonight
Deribit's Asia-Pacific business head, Lin Chen, posted on X stating that there has been an extremely greedy state for five consecutive days, with the greed index reaching 90. At this time, the market FOMO sentiment began to rise and the market purchasing power gradually increased. Meanwhile, BTC ETFs also began to experience net interruptions. However, liquidity is insufficient over the weekend so it is necessary to pay attention to tonight's U.S. stock market opening trend. Currently BTC is fluctuating around 90 thousand; if there is a lack of sustained positive support, we cannot rule out the possibility of a short-term correction.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
CryptoQuant Analyst: The spot Bitcoin ETF has accumulated 5.3% of the total BTC supply