NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Crucial Role Of The CLARITY Act In Avoiding A New October 10 Crypto Crash, Expert Explains
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Crucial Role Of The CLARITY Act In Avoiding A New October 10 Crypto Crash, Expert Explains

Bitcoin Sentiment Suggests Serious Greed, But Will A Correction Come?

Keshav Verma
Keshav Verma
Last Updated: June 11, 2024 11:54 am
3 mins read
Bitcoin

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

As Bitcoin made a new all-time high above $68k, the crypto market sentiment changed to extreme greed. Periods of such sentiment have lead to corrections in the past, but will the trend be similar this time?

Bitcoin Fear And Greed Index Starts Pointing At Extreme Greed

As per the latest weekly report from Arcane Research, the fear and greed index is now pointing at extreme greed as BTC makes a new ATH.

The fear and greed index is a Bitcoin indicator that shows what the current crypto market sentiment is. The metric uses a numeric scale that ranges from zero to hundred to display the sentiment.

Values below fifty signal that the market is currently sharing fear, while values above it imply investors are becoming greedy.

If the indicator’s value goes above 75 or below 25, then it means the market is showing extreme greed or extreme fear, respectively.

Periods with extreme values suggest the market could witness a reversal soon. A correction may follow extreme greed values, and a change to uptrend may follow from an extremely fearful market.

Related Reading | How Bitcoin Has Performed Compared To Top Stocks

Here is where the current Bitcoin fear and greed index needle points at:

Bitcoin Extreme Greed

Looks like the crypto market is seriously greedy at the moment | Source: The Arcane Research Weekly Update - Week 44

As the above meter shows, the current market sentiment is that of extreme greed. This is an increase from last week as the values were in the normal greed territory then. This change is caused by BTC reaching a new ATH.

Related Reading | S2F Creator PlanB Believes In $98k Nov Target For Bitcoin

The market was also greedy last month. The below chart shows the trend in the value of the indicator over the past year.

Bitcoin Fear And Greed

Crypto market sentiment has been in the greed territory for a while now | Source: The Arcane Research Weekly Update Week 44

The market has now seen one month straight of extreme greed or greed sentiment. The last time this happened was from August to September, and the streak then ended with the El Salvador day crash.

This period of greed might suffer a similar fate. However, the report notes that during Spring the indicator’s value remained consistently high for a prolonged period. So it’s possible a similar trend could be seen in the coming weeks instead.

BTC Price

At the time of writing, Bitcoin’s price floats around $66.5k, up 4% in the last seven days. Over the past month, the crypto has gained 20% in value.

Here is a chart that shows the trend in the value of the coin over the last five days:

Bitcoin Price Chart

BTC's price made a new ATH today, but has since come down a bit | Source: BTCUSD on TradingView
Featured image from Unsplash.com, charts from TradingView.com, Arcane Research
Tweet123Share196ShareSend
Keshav Verma
Keshav Verma

Keshav Verma

Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021.

Read more

Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to.

In terms of official educational qualifications, Keshav holds a bachelor’s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions.

Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true.

Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn’t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment..

Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form.

Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new.

As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money.

Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn’t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs.

Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.

Close

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Binance

CZ Fuels Optimism As Binance Coin’s $1,000 Target Trends

Binance Coin climbed again over the weekend, pushing past the $900 mark and touching about $907 on Sunday after a...

Christian Encila 4 hours ago

Samson Mow 預言馬斯克 2026 年全力「梭哈」比特幣:BTC 衝擊 133 萬美元與 MSTR 五千鎂目標揭秘

2026 年開局的比特幣市場,氣氛其實很「分裂」。一方面,比特幣價格仍穩在 9 萬美元上方,顯示長線資金底盤還在;另一方面,美國現貨比特幣 ETF 的資金流卻突然轉向,第一個完整交易週就出現約 6.8...

newsbtc 7 hours ago
Bitcoin Price Recovery Bid Emerges

Bitcoin Price Recovery Bid Emerges, Resistance Still Looms Large

Bitcoin price started a downside extension below $92,000. BTC is now recovering from $89,220 and might face barriers for a...

Aayush Jindal 7 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin news Trump Fed Powell

Bitcoin Tops $92,000 As DOJ Subpoenas Escalate Trump-Powell Fight

Jake Simmons 1 minute ago
Dogecoin

Dogecoin Bulls Watch $0.28 As Breakout Signals Stack Up

Christian Encila 1 hour ago
Claim the P2P airdrop

MEXC offers $200,000 P2P airdrop to attract new users

Denis Carter 1 hour ago

Premium Sponsors

Press Releases

  • Venezuelan Stocks Rise 44x in 2026 A Higher-Alpha Play Emerges in Crypto

    Venezuelan Stocks Rise 44x in 2026: A Higher-Alpha Play...

    1 hour ago
  • 仮想通貨 1000倍の可能性?Maxi...

    10 hours ago
  • MARAのAI参入と6BドルのBTC保有が示す次の波 – Bitcoin Hyperとミームコイン市場の可能性

    ...

    10 hours ago
  • ...

    10 hours ago
  • 仮想通貨 プレセール注目:2026年に急騰が狙われる新興2銘柄を厳選

    仮想通貨...

    19 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.