Meanwhile, earlier analysts from Santiment reported an increase in market greed to the highest levels in the past three months. This could be a warning sign: short-term investors are actively taking profits around $70 000; excessive optimism has historically often preceded a correction; there is a risk of forming a "false rally." At the same time, ARK Invest CEO Cathie Wood described the current market dynamics as positive, even considering previous downturns when cryptocurrencies lost up to 95% of their value in past cycles. Therefore, the current correction appears to be much more sustainable. Additionally, CryptoQuant recently noted typical conditions indicating the final stage of fear in the market.

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