Key Bitcoin sentiment indicators have quickly flipped into “greed” territory amid a sharp uptick in the crypto market and strengthening Bitcoin ETF inflows.
Bitcoin sentiment has whipsawed from “extreme fear” to “greed” and “FOMO” in just a matter of days, with Bitcoin gaining over 12% over the last week.
In a July 16 post to X, crypto analytics platform Santiment suggested caution amid the sudden bullish reversal, saying that investors would be wise to tread carefully when “the crowd has collectively become so bullish without many signs of fear.”
Santiment said much of the market’s newfound optimism stemmed from investors looking favorably at the likelihood of Donald Trump and his crypto-friendly running mate JD Vance clinching an election victory in November.
