Today's Fear and Greed Index is 79, indicating an extreme greed state.

Bitcoin has broken through 118,000, only two thousand points away from 120,000, but the market has not shown significant FOMO emotions in the past two days—on-chain data shows that market sentiment remains quite cautious compared to previous growth cycles. Therefore, this wave of increase is not driven by speculative buying, and there is still room for upward movement. As for altcoins, most are currently rising along with the overall market. Those that have been stuck, lack a speculative narrative, or have no practical application should be swapped out. Public chains, those with their own revenue, leading players in the sector, grayscale, and altcoins that have attracted major institutional investment can continue to be held.