The optimism of retail investors regarding Bitcoin raises concerns, as historically such sentiments often precede market corrections. Social media is currently filled with positive comments, and discussions about reaching new highs are accompanied by greed. The Fear and Greed Index shows a high level of greed, which may signal market overheating. Experienced trader Peter Brandt warns of a potential double top and a drop of up to 75%, comparing the situation to the 2022 crisis. However, a distinguishing feature of the current cycle is the dominance of institutional investors, which complicates forecasting. Ultimately, despite the optimism, there is a risk that the market may soon correct. It is important to remain cautious and closely monitor changes in sentiment and indicators to avoid falling into the trap of greed and incurring losses.
