{"id":610206,"date":"2024-05-28T13:00:41","date_gmt":"2024-05-28T13:00:41","guid":{"rendered":"https:\/\/ktsl888.com\/?p=610206"},"modified":"2024-07-11T07:36:36","modified_gmt":"2024-07-11T07:36:36","slug":"forget-fear-embrace-greed-bitcoin-soars-as-sentiment-turns-red-hot","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/forget-fear-embrace-greed-bitcoin-soars-as-sentiment-turns-red-hot\/","title":{"rendered":"Forget Fear, Embrace Greed? Bitcoin Soars As Sentiment Turns Red Hot"},"content":{"rendered":"<p data-sourcepos=\"3:1-3:423\"><span id=\"input-sentence~0\">Near its all-time high, Bitcoin (BTC) keeps enthralling dancers that leave investors wondering whether it&#8217;s a prelude to a possible fall or a victory lap. The Crypto Fear and Greed Index shows a market full of &#8220;extreme greed,&#8221; even when the price remains steadfastly around $68,000.<\/span><span id=\"input-sentence~1\"> This implies that driven by the conviction that the digital gold is on an inexorable climb, investors are pouring on.<br \/>\n<\/span><\/p>\n<p data-sourcepos=\"5:1-5:142\">However, beneath the surface of this bullish fervor lurk shadows of potential setbacks. Let&#8217;s dissect the forces shaping Bitcoin&#8217;s trajectory.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/floki-floats-22-on-marketing-blitz-aims-for-worlds-most-used-crypto-title\/\" target=\"_blank\" rel=\"noopener \">Floki Floats 22% On Marketing Blitz, Aims For \u2018World\u2019s Most Used Crypto\u2019 Title<\/a><\/div>\n<h2 data-sourcepos=\"7:1-7:41\"><strong>Greed For Bitcoin Up<\/strong><\/h2>\n<p data-sourcepos=\"9:1-9:361\"><span id=\"input-sentence~2\">At 74 the Fear and Greed Index presents a picture of a market drunk on hope. Chomping at the bit, investors are building additional Bitcoin in expectation of a price climb.<\/span><span id=\"input-sentence~3\"> Although this optimistic attitude could very well be a self-fulfilling prophecy, one should exercise some care. Extremely greedy times have historically usually followed with abrupt corrections.<br \/>\n<\/span><\/p>\n<figure id=\"attachment_610208\" aria-describedby=\"caption-attachment-610208\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-610208 size-full\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/a_c5b92a.png?resize=1024%2C437\" alt=\"\" width=\"1024\" height=\"437\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/a_c5b92a.png?w=1141 1141w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/a_c5b92a.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/a_c5b92a.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/a_c5b92a.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/a_c5b92a.png?w=750 750w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><figcaption id=\"caption-attachment-610208\" class=\"wp-caption-text\">Source: Alternative.com<\/figcaption><\/figure>\n<h2 data-sourcepos=\"11:1-11:40\"><strong>Profit Taking: The Looming Sell-Off?<\/strong><\/h2>\n<p data-sourcepos=\"13:1-13:394\"><span id=\"input-sentence~3\">With BTC brushing shoulders with its all-time high, some investors see great appeal in profit-taking.<\/span><span id=\"input-sentence~4\"> The impulse to cash out and lock on gains could set off a selling tsunami, hence down the price. This dynamic emphasises the two-edged blade that profitability is. Although it raises sentiment, if not controlled carefully it can potentially start a sell-off.<\/span><span id=\"input-sentence~5\"><br \/>\n<\/span><\/p>\n<figure style=\"width: 1835px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full\" src=\"https:\/\/www.tradingview.com\/x\/9ZnlATmw\/\" width=\"1835\" height=\"883\"><figcaption class=\"wp-caption-text\">Total crypto market cap currently at $2.5 trillion. Chart: <a href=\"https:\/\/www.tradingview.com\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView<\/a><\/figcaption><\/figure>\n<h3 data-sourcepos=\"15:1-15:48\"><strong>Short-Term Holders: A Recipe For Volatility?<\/strong><\/h3>\n<p data-sourcepos=\"17:1-17:290\"><span id=\"input-sentence~5\">Additionally exposed by the study are increases in short-term holdings (STHs). Unlike their long-term colleagues, these investors are more prone to respond impulsively to changes in the market.<\/span><span id=\"input-sentence~6\"> From these STHs, a rapid drop in price could cause panic selling, hence generating short-term volatility for Bitcoin.v<br \/>\n<\/span><\/p>\n<figure id=\"attachment_610210\" aria-describedby=\"caption-attachment-610210\" style=\"width: 627px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-610210 size-full\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/a_c8b6ee.png?resize=627%2C376\" alt=\"\" width=\"627\" height=\"376\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/a_c8b6ee.png?w=627 627w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/a_c8b6ee.png?w=460 460w\" sizes=\"(max-width: 627px) 100vw, 627px\"><figcaption id=\"caption-attachment-610210\" class=\"wp-caption-text\">BTC price action in the last 24 hours. Source: <a href=\"https:\/\/www.coingecko.com\/en\/coins\/bitcoin\" target=\"_blank\" rel=\"noopener nofollow\">Coingecko<\/a><\/figcaption><\/figure>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/polkadot-dot-price-prediction-analyst-sparks-bullish-frenzy-with-10-target\/\" target=\"_blank\" rel=\"noopener \">Polkadot (DOT) Price Prediction: Analyst Sparks Bullish Frenzy With $10 Target<\/a><\/div>\n<h3 data-sourcepos=\"23:1-23:32\"><strong>Greed: Bullish Sentiment<\/strong><\/h3>\n<p data-sourcepos=\"25:1-25:422\"><span id=\"input-sentence~7\">The Fear and Greed Index drives a positive force\u2014the optimistic attitude. One cannot overlook, meantime, the hazards of profit-taking, short-term holder behaviour, and possible future miner capitulation. Whether Bitcoin can overcome these obstacles and soar to fresh heights or give in to a correction will depend mostly on the next few days.<\/span><span id=\"input-sentence~8\"><br \/>\n<\/span><\/p>\n<h3 data-sourcepos=\"19:1-19:39\"><strong>Miners: A Force To Be Reckoned With<\/strong><\/h3>\n<p data-sourcepos=\"21:1-21:374\">Price stability is much aided by miners, the lifeblood of the Bitcoin network. Miners have to sell their BTC holdings to pay running expenses when income declines. The price can be very much influenced by this selling pressure. The good news is that lately miner income has been on an increase, which helps to allay some worries regarding a sell-off caused by miners.<\/p>\n<p data-sourcepos=\"21:1-21:374\"><em>Featured image from Getty Images, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Near its all-time high, Bitcoin (BTC) keeps enthralling dancers that leave investors wondering whether it&#8217;s a prelude to a possible fall or a victory lap. The Crypto Fear and Greed Index shows a market full of &#8220;extreme greed,&#8221; even when the price remains steadfastly around $68,000. This implies that driven by the conviction that the digital gold is on an inexorable climb, investors are pouring on. However, beneath the surface of this bullish fervor lurk shadows of potential setbacks. Let&#8217;s dissect the forces shaping Bitcoin&#8217;s trajectory. Related Reading: Floki Floats 22% On Marketing Blitz, Aims For \u2018World\u2019s Most Used Crypto\u2019 Title Greed For Bitcoin Up At 74 the Fear and Greed Index presents a picture of a market drunk on hope. Chomping at the bit, investors are building additional Bitcoin in expectation of a price climb. Although this optimistic attitude could very well be a self-fulfilling prophecy, one should exercise some care. Extremely greedy times have historically usually followed with abrupt corrections. Profit Taking: The Looming Sell-Off? With BTC brushing shoulders with its all-time high, some investors see great appeal in profit-taking. The impulse to cash out and lock on gains could set off a selling tsunami, hence down the price. This dynamic emphasises the two-edged blade that profitability is. Although it raises sentiment, if not controlled carefully it can potentially start a sell-off. Short-Term Holders: A Recipe For Volatility? Additionally exposed by the study are increases in short-term holdings (STHs). Unlike their long-term colleagues, these investors are more prone to respond impulsively to changes in the market. From these STHs, a rapid drop in price could cause panic selling, hence generating short-term volatility for Bitcoin.v Related Reading: Polkadot (DOT) Price Prediction: Analyst Sparks Bullish Frenzy With $10 Target Greed: Bullish Sentiment The Fear and Greed Index drives a positive force\u2014the optimistic attitude. One cannot overlook, meantime, the hazards of profit-taking, short-term holder behaviour, and possible future miner capitulation. Whether Bitcoin can overcome these obstacles and soar to fresh heights or give in to a correction will depend mostly on the next few days. Miners: A Force To Be Reckoned With Price stability is much aided by miners, the lifeblood of the Bitcoin network. Miners have to sell their BTC holdings to pay running expenses when income declines. The price can be very much influenced by this selling pressure. The good news is that lately miner income has been on an increase, which helps to allay some worries regarding a sell-off caused by miners. Featured image from Getty Images, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":610225,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1119,6664,1742],"class_list":["post-610206","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc","tag-crypto","tag-digital-currency"],"acf":[],"yoast_head":"\n<title>Forget Fear, Embrace Greed? Bitcoin Sentiment Turns Red Hot<\/title>\n<meta name=\"description\" content=\"Near its all-time high, Bitcoin (BTC) keeps enthralling dancers that leave investors wondering whether it&#039;s a prelude to a possible fall or a victory lap.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ktsl888.com\/news\/forget-fear-embrace-greed-bitcoin-soars-as-sentiment-turns-red-hot\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Forget Fear, Embrace Greed? 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.\",\"sameAs\":[\"jomarjet01\"],\"url\":\"https:\/\/ktsl888.com\/author\/jomarjet01\/\"}]}<\/script>\n","yoast_head_json":{"title":"Forget Fear, Embrace Greed? Bitcoin Sentiment Turns Red Hot","description":"Near its all-time high, Bitcoin (BTC) keeps enthralling dancers that leave investors wondering whether it's a prelude to a possible fall or a victory lap.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ktsl888.com\/news\/forget-fear-embrace-greed-bitcoin-soars-as-sentiment-turns-red-hot\/","og_locale":"en_US","og_type":"article","og_title":"Forget Fear, Embrace Greed? 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/ktsl888.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Forget Fear, Embrace Greed? 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