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Bitcoin Extreme Greed Is Here—Time To Be A Contrarian?

  • Bitcoin market sentiment has reached extreme greed territory following the cryptocurrency's new high above $111,000.
  • The Fear & Greed Index, representing market sentiment, is currently in the extreme greed zone, above 75.
  • Historically, extreme sentiments like extreme greed have signaled major tops and bottoms for Bitcoin and other digital assets, prompting contrarian investing strategies.
  • Recently, whales have withdrawn a significant amount of Bitcoin from the Binance platform, possibly indicating a demand for HODLing in self-custodial wallets.

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