@web3simon
Fear and Greed Index is most likely based on retail behavior rather than institutional investors.
If you look closely when $BTC prices just drop $5k-$10k more than half of the holders instantly sells out of fear of losing money.
But, the current narrative of the market is heavily backed by institutions and big individuals that remains bullish and hodling.
Should we switch our retail mindset into an institutional? 🤔 but always remember to take healthy profits
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