Today's panic index is 71, still in a state of greed.

Bitcoin is about to reach 120,000, Ethereum is nearing 3,000, and the net inflow of Bitcoin spot ETFs reached 1.18 billion dollars on Thursday, setting the second-highest record since its listing. Institutional capital is fully engaged and showing no mercy. This surge in ETF buying reflects the market's renewed expectations for interest rate cuts in the U.S. and the growing appetite of institutional investors for Bitcoin. Many companies have started to follow suit and include Bitcoin in their asset allocation. The U.S. M2 money supply is close to historical highs, and market liquidity is abundant. If we break past 120,000 now, hitting 150,000 when the interest rate cuts come is inevitable. Hold onto your spots, the spring for altcoins is coming soon.