THE BIG QUESTION
“We are on euphoria or not”
The short answer is:
🟡 Not quite full euphoria yet, but we may be moving in that direction, depending on the current cycle and market sentiment.
Let me explain:
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🚦 Signs of euphoria in Bitcoin cycles:
✅ Extreme media coverage — everyone is talking about Bitcoin & crypto.
✅ Retail investors (people with no prior interest) rushing in.
✅ Many coins hitting all-time highs in a short time.
✅ Stories of “get-rich-quick” dominate social media.
✅ Metrics like Google Trends for “buy Bitcoin” spike.
✅ On-chain indicators (like MVRV, Puell Multiple, Fear & Greed Index) showing overvaluation & greed.
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Where are we likely now (mid/late 2025)?
As of my knowledge up to 2024 and projecting a typical post-halving cycle:
• We’re probably somewhere in the middle-to-late bull market phase, not yet the absolute peak.
• Sentiment may already be quite optimistic or even greedy — but not yet the extreme euphoria seen at the very top of previous cycles (like Dec 2017 or Nov 2021).
• Bitcoin’s price may already have broken old highs or is testing them, which historically attracts more attention — but absolute mania usually comes a little later.
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How to tell?
If you see:
• Everyone you know suddenly trying to buy crypto.
• Mainstream media running constant headlines about Bitcoin millionaires.
• Prices of questionable projects and meme coins going parabolic.
• Fear & Greed Index >90 for weeks.
→ Then we’re probably at (or near) euphoria.
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📝 My take:
We may still have some room to run, but risks are rising. This could be a good time to:
🔹 Take some profits if you’re sitting on big gains.
🔹 Set stop-losses or sell targets in case of a reversal.
🔹 Don’t wait for the absolute top — because it’s nearly impossible to catch perfectly.
