Fear & Greed Index

At 8.20 this morning, the index still maintained the 90 of the previous day, and the upward trend has not changed! The upward trend has not changed!

Yesterday, the good news was that four US stocks, mainly $MSTR and $SMLR, publicly announced the purchase of nearly $500 million in BTC. The price of BTC rose by $3,000 in a short period of time. It is very likely that the FOMO sentiment of Americans for $BTC has been ignited again. Yesterday, I also lamented that in the face of the news, any technical indicators were weak.

However, such FOMO sentiment ignited the market, but this morning's Fear & Greed Index also recovered the high of 90 the day before, but the futures market did not show a particularly obvious performance. It can be said that yesterday's rise was largely driven by spot prices, but the futures contract buying did not seem to keep up. It is more likely that arbitrage funds entered the market. While the Fear & Greed Index kept up, the price did not have an obvious rise at the close. Is this an important signal of emotional top divergence? ! $BTC