Greed index soars to 77! The crypto market remains in a state of "extreme greed"!
The latest data on October 31 reveals: today the crypto fear and greed index is fixed at 77 for the second consecutive day, indicating that market sentiment is in a state of "extreme greed"! The sentiment continues to ferment at a high point, often signaling the accumulation of risk or potential market fluctuations about to occur.
When the market is dominated by greedy sentiment, a reversal may be brewing; the more extreme the greed, the more one needs to remain calm and strategic. Remember, the peak of greed is often the prelude to a correction.
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