CoinScoopCryptoQuant analyst: Bitcoin market sentiment hits two-year high
CryptoQuant analyst Darkfost reported that Bitcoin market sentiment has reached its strongest level in two years, last seen in March 2024. The sentiment index surpassed 89 out of 100, placing it in the "extreme greed" zone. The analyst noted that while sentiment indicators are less useful during bear markets, they become highly significant as trend-reversal signals when sentiment reaches extremes.
Summaries are written by AI from the original article. Not investment advice.