Yup, 71 = Greed, but that dip is a little signal:

The hype’s cooling — but not gone.

Here's the vibe:

Over 70 = market is getting overheated

Drop from extreme greed might mean people are taking profits

Still Greedy = caution advised; euphoria hasn’t vanished yet

If you're trading: this is where smart money starts planning exits, while retail still dreams of moonshots.