has fluctuated around $90K for a while, but the market interest has remained elevated, hitting an ‘extreme greed’ status per the Crypto Fear and Greed Index .Per historical trends, an FGI above 80 coincided with BTC’s local and cycle tops. In early 2024, BTC hit a local top above $73K when an ‘extreme greed’ status was hit.
Will the trend repeat and trigger a price pullback? Extreme bullish sentiment in the options market disagreed with such a scenario, at least until BTC hit +$100K.According to the latest data insights from Deribit, large players’ positioning remained bullish as they dumped $75K and $85K puts and increased $95K-$110K calls .
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