The current panic index is 74, indicating a shift to greed.

Currently, the vast majority of cryptocurrencies are not at historical high ranges. In contrast, when Bitcoin set new records in February and November 2024, approximately 75% and about 40% of cryptocurrencies were within 5% of their 252-day highs, respectively.

Historically, when the trading prices of a large number of cryptocurrencies approach historical highs, Bitcoin tends to pull back. The current divergence suggests that Bitcoin may have even greater upside potential.

On the other hand, tariffs are about to be implemented, and after the negative factors are exhausted, there will be no other negative influences, followed by patiently waiting for interest rate cuts.