Bitcoin is holding above $90K, so why is ‘greed’ sentiment slipping?

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Coin Telegraph 15h ago

Bitcoin is holding above $90K, so why is ‘greed’ sentiment slipping? - Coin Telegraph

Quick Summary:

The slight pullback follows warnings from several crypto analysts who remain cautious about the Bitcoin rally, including 10x Research's head of research, Markus Thielen, who isn’t yet convinced of a rally.“Given that our stablecoin minting indicator has yet to return to high-activity levels, we remain cautious about the sustainability of the current Bitcoin rally,” Thielen said on April 23.

On April 23, the Crypto Fear & Greed Index clocked a score of 72 out of 100, putting it in the “Greed” zone as Bitcoin (BTC) returned above the $90,000 level.

Source: CoinMarketCapHowever, despite Bitcoin trading between $91,800 and $94,304 over the past two days, sentiment within the “Greed” territory has been gradually cooling off, with the index falling to April 24 and 60 on April 25.