Bitcoin Sentiment Swings from ‘Extreme Fear’ to ‘Greed’ as Price Surges 12%

Bitcoin sentiment has dramatically shifted from “extreme fear” to “greed” and “FOMO” within just a few days, driven by a 12% gain over the last week. On July 16, crypto analytics platform Santiment posted on X, advising caution amidst the sudden bullish trend. They warned that investors should be careful when “the crowd has collectively become so bullish without many signs of fear.” Santiment attributed the market’s optimism to investors favoring the potential election victory of Donald Trump and his crypto-friendly running mate JD Vance in November. READ MORE: Ether Surges to $3,300 Amid Anticipation of Spot ETH ETFs Launch