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$BTC the past couple of days, there has

been a feeling of wanting to drop but not

being able to, if BTC breaks below 94,000, it

will be quickly pulled back above 95,000.

This indicates that during this round of

increase, too many people did not get on

board, and as soon as there is a slight drop,

a large number of people rush to buy the dip.

This sharply contrasts with BTC's sideways

movement around 80,000 to 85,000 for 1-2

months with no one paying attention. Most

people only believe when they see, while

very few dare to believe, and thus see.

The most direct indicator reflecting this

sentiment is the Fear and Greed Index,

which is 60 today, indicating greed,

compared to 54 yesterday, which was

neutral. Additionally, there is the open

interest in contracts; according to Coinglass

data, the total open positions for Bitcoin

futures contracts across the network

amount to 669,900 BTC, roughly equivalent

to 63.7 billion USD, which is close to the

previous high around 100,000. Since a slight

increase is already near the peak, if there is

a larger trend in the future, breaking the

previous high is almost a certainty.