$ETH Big Pancake Soars to 94K, Ethereum at 18K, Altcoins Double, CMC Index Rises to 72, Why is the Market So Quiet?

Brothers, the crypto market last night was simply explosive! $BTC surged by 10,000 points overnight, approaching around 94K. $ETH also did not back down, skyrocketing to 18K, and some altcoins even crazily doubled, with price increases that are dizzying!

The CMC Fear and Greed Index soared to 72 overnight, officially entering the 'Greed' zone.

This wave of market movement can be described as the most intense outbreak since the beginning of 2025! But strangely, the market is so hot, yet everyone is as quiet as a late-night mining site. What's going on?

In fact, this rise is a textbook example of a bull market. Why do I say this? Let’s explain market sentiment from the trend of the market!

After the New Year, the overall direction of the market was a downward fluctuation (clearly the big players are cashing out for profit). This behavior continued until April 7 when the market first reached the freezing point (74K Big Pancake and 13K Ethereum). At this point, many brave investors had already entered to buy at the bottom, but just one day later, on the 9th, it returned to the previous low from the 7th (which is to clear out the first batch of bottom-buying bulls, also understandable as a price support double dip).