The last time the Crypto Fear & Greed Index had a score of 80 was on April 9, just before Bitcoin saw an over 18% correction over the following three weeks.
Cryptocurrency markets may be overheating during the current parabolic rally, with some industry leaders warning of an incoming deleveraging ahead of the next leg up.
Crypto investor sentiment has risen to 80, or “extreme greed” on Nov. 12, a day after Bitcoin (BTC) price surpassed the $85,000 record high on Nov. 11, according to data from the Crypto Fear & Greed Index from alternative.me.
Crypto Fear & Greed Index, three-month chart. Source: alternative.me
