Crypto Fear and Greed Index Hits Extreme Greed

Sentiment flipping from fear to extreme greed in a single month is a velocity story, not a level story — the index is a backward-looking gauge of how people already feel, so it tends to peak near local tops rather than flag the start of a trend. The practical read is that positioning is crowded and the marginal buyer is increasingly sentiment-driven. Whether this reading cools gradually or snaps back as fast as it climbed is the open question worth watching.