Santiment Issues 'Extreme Greed' Warning as Bitcoin Hits $82,800 This Week

BTC-0.76%
According to Santiment, Bitcoin surged to $82,800 this week, marking its best performance in three months. However, the analytics firm has flagged current market sentiment as entering the "extreme greed" zone, a signal that often precedes price corrections. Santiment warned prices could fall to the $75,000 level, citing a short-term MVRV ratio around 3.5% that increases profit-taking risk. The firm also noted that approximately 272,000 small investor wallets were emptied in the last six days, interpreting this as individual investors exiting the market while large shareholders remain cautious.
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