Optimism among Bitcoin market participants has reached one of its highest levels in the past three months, raising concerns among analysts at Santiment. They emphasize that excessive greed may indicate a potential trend reversal, as markets often move contrary to the expectations of the majority.
This is reported by Business • Media
Rising Greed Index and Risks for Bitcoin
According to Santiment, the Bitcoin greed index is currently at its third-highest level in the last three months.
“Based on our social data, most market participants are confident that the rally will continue, but in such conditions, it is important to remember: markets often move opposite to crowd sentiment.”
Analysts warn of the risk of a false rally, where a wave of optimism can quickly shift to a correction.
Impact of Geopolitics and Investor Behavior
Experts at Cryptonary point out that market participants are overly focused on current sentiments, ignoring the role of the macroeconomic and geopolitical context. They note that the likelihood of a ceasefire in the conflict between the U.S. and Iran is partially factored into prices, although they consider such a scenario unlikely. According to analysts, if escalation continues, the current rise in Bitcoin may be underestimated or change rapidly.
Another factor putting pressure on the market has been the activation of short-term investors (STH), who have begun to take profits near the $70,000 mark. In the past day, approximately 14,900 BTC were moved on exchanges with profit, which has only intensified short-term selling pressure and increased volatility.
BTC/USDT exchange rate on Binance. Source: TradingView.
On April 6, 2026, the price of Bitcoin exceeded $70,000 for the first time in the last 10 days, but it could not hold that level – at the time of writing, the asset is trading below $69,000.
It is also worth noting that on-chain analyst Willy Woo previously described the key signals for the end of the Bitcoin bear market and provided a long-term forecast for the future price movement.