Today, the panic index is 74, still in a state of greed.

Market sentiment remains in the optimistic range and may be ready to welcome the next round of increase. The spot trading volume remains high, indicating active market participation, with demand showing no signs of cooling off and not significantly retreating due to price declines. The open interest has surged to a high range, and the funding rates have also risen in tandem, while sellers are gradually becoming exhausted. Key currencies to watch: XRP, SOL, ADA, SUI, LINK, AVAX, LTC, DOT (these are all hopeful for ETF approval, and institutions and companies have started to shift their reserves to these coins). Additionally, Ethereum is approaching 4000, SOL is stabilizing at 200, DEFI, public chains, and Ethereum/SOL ecosystems should look for opportunities to position during pullbacks.