{"id":475881,"date":"2021-11-09T19:00:06","date_gmt":"2021-11-09T19:00:06","guid":{"rendered":"https:\/\/wncen.com\/?p=475881"},"modified":"2024-06-11T11:54:03","modified_gmt":"2024-06-11T11:54:03","slug":"bitcoin-market-greed-correction","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-market-greed-correction\/","title":{"rendered":"Bitcoin Sentiment Suggests Serious Greed, But Will A Correction Come?"},"content":{"rendered":"<p>As Bitcoin made a new all-time high above $68k, the crypto market sentiment changed to extreme greed. Periods of such sentiment have lead to corrections in the past, but will the trend be similar this time?<\/p>\n<h2>Bitcoin Fear And Greed Index Starts Pointing At Extreme Greed<\/h2>\n<p>As per the latest weekly report from <a href=\"https:\/\/substack.com\/profile\/8446596-arcane-research\" rel=\"nofollow\">Arcane Research<\/a>, the fear and greed index is now pointing at extreme greed as BTC makes a new ATH.<\/p>\n<p>The <a href=\"https:\/\/wncen.com\/news\/bitcoin\/decline-bitcoin-price-market-greedy\/\">fear and greed index<\/a> is a Bitcoin indicator that shows what the current crypto market sentiment is. The metric uses a numeric scale that ranges from zero to hundred to display the sentiment.<\/p>\n<p>Values below fifty signal that the market is currently sharing fear, while values above it imply investors are becoming greedy.<\/p>\n<p>If the indicator&#8217;s value goes above 75 or below 25, then it means the market is showing extreme greed or extreme fear, respectively.<\/p>\n<p>Periods with extreme values suggest the market could witness a reversal soon. A correction may follow extreme greed values, and a change to uptrend may follow from an extremely fearful market.<\/p>\n<p style=\"text-align: center\"><em><strong>R<\/strong><strong>elated Reading |\u00a0<a href=\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-versus-top-stocks\/\">How Bitcoin Has Performed Compared To Top Stocks<\/a><\/strong><\/em><\/p>\n<p>Here is where the current Bitcoin fear and greed index needle points at:<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-475892 aligncenter\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/11\/chart-7.png?resize=349%2C263\" alt=\"Bitcoin Extreme Greed\" width=\"349\" height=\"263\"><\/p>\n<pre style=\"text-align: center\">Looks like the crypto market is seriously greedy at the moment | Source: <a href=\"https:\/\/theweeklyupdate.substack.com\/p\/going-to-be-a-big-week\" rel=\"nofollow\">The Arcane Research Weekly Update - Week 44<\/a><\/pre>\n<p>As the above meter shows, the current market sentiment is that of extreme greed. This is an increase from last week as the values were in the normal greed territory then. This change is caused by BTC reaching a new ATH.<\/p>\n<p style=\"text-align: center\"><strong><em>Related Reading |\u00a0<a href=\"https:\/\/wncen.com\/news\/bitcoin\/s2f-creator-planb-98k-nov-bitcoin\/\">S2F Creator PlanB Believes In $98k Nov Target For Bitcoin<\/a><\/em><\/strong><\/p>\n<p>The market was also greedy last month. The below chart shows the trend in the value of the indicator over the past year.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-475894 aligncenter\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/11\/chart-8.png?resize=460%2C251\" alt=\"Bitcoin Fear And Greed\" width=\"460\" height=\"251\"><\/p>\n<pre style=\"text-align: center\">Crypto market sentiment has been in the greed territory for a while now | Source: <a href=\"https:\/\/theweeklyupdate.substack.com\/p\/going-to-be-a-big-week\" rel=\"nofollow\">The Arcane Research Weekly Update Week 44<\/a><\/pre>\n<p>The market has now seen one month straight of extreme greed or greed sentiment. The last time this happened was from August to September, and the streak then ended with the <a href=\"https:\/\/wncen.com\/analysis\/btc\/el-salvador-sell-news-bitcoin-price\/\">El Salvador day crash<\/a>.<\/p>\n<p>This period of greed might suffer a similar fate. However, the report notes that during Spring the indicator&#8217;s value remained consistently high for a prolonged period. So it&#8217;s possible a similar trend could be seen in the coming weeks instead.<\/p>\n<h2>BTC Price<\/h2>\n<p>At the time of writing, <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-breaks-above-68000-where-does-it-go-from-here\/\">Bitcoin&#8217;s price<\/a> floats around $66.5k, up 4% in the last seven days. Over the past month, the crypto has gained 20% in value.<\/p>\n<p>Here is a chart that shows the trend in the value of the coin over the last five days:<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-475897 aligncenter\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/11\/chart-9.png?resize=460%2C242\" alt=\"Bitcoin Price Chart\" width=\"460\" height=\"242\"><\/p>\n<pre style=\"text-align: center\">BTC's price made a new ATH today, but has since come down a bit | Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" rel=\"nofollow\">BTCUSD on TradingView<\/a><\/pre>\n<pre>Featured image from Unsplash.com, charts from TradingView.com, Arcane Research<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>As Bitcoin made a new all-time high above $68k, the crypto market sentiment changed to extreme greed. Periods of such sentiment have lead to corrections in the past, but will the trend be similar this time? Bitcoin Fear And Greed Index Starts Pointing At Extreme Greed As per the latest weekly report from Arcane Research, the fear and greed index is now pointing at extreme greed as BTC makes a new ATH. The fear and greed index is a Bitcoin indicator that shows what the current crypto market sentiment is. The metric uses a numeric scale that ranges from zero to hundred to display the sentiment. Values below fifty signal that the market is currently sharing fear, while values above it imply investors are becoming greedy. If the indicator&#8217;s value goes above 75 or below 25, then it means the market is showing extreme greed or extreme fear, respectively. Periods with extreme values suggest the market could witness a reversal soon. A correction may follow extreme greed values, and a change to uptrend may follow from an extremely fearful market. Related Reading |\u00a0How Bitcoin Has Performed Compared To Top Stocks Here is where the current Bitcoin fear and greed index needle points at: Looks like the crypto market is seriously greedy at the moment | Source: The Arcane Research Weekly Update &#8211; Week 44 As the above meter shows, the current market sentiment is that of extreme greed. This is an increase from last week as the values were in the normal greed territory then. This change is caused by BTC reaching a new ATH. Related Reading |\u00a0S2F Creator PlanB Believes In $98k Nov Target For Bitcoin The market was also greedy last month. The below chart shows the trend in the value of the indicator over the past year. Crypto market sentiment has been in the greed territory for a while now | Source: The Arcane Research Weekly Update Week 44 The market has now seen one month straight of extreme greed or greed sentiment. The last time this happened was from August to September, and the streak then ended with the El Salvador day crash. This period of greed might suffer a similar fate. However, the report notes that during Spring the indicator&#8217;s value remained consistently high for a prolonged period. So it&#8217;s possible a similar trend could be seen in the coming weeks instead. BTC Price At the time of writing, Bitcoin&#8217;s price floats around $66.5k, up 4% in the last seven days. Over the past month, the crypto has gained 20% in value. Here is a chart that shows the trend in the value of the coin over the last five days: BTC&#8217;s price made a new ATH today, but has since come down a bit | Source: BTCUSD on TradingView Featured image from Unsplash.com, charts from TradingView.com, Arcane Research<\/p>\n","protected":false},"author":542,"featured_media":475899,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,84484,1119,1144,6664,61534],"class_list":["post-475881","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-extreme-greed","tag-btc","tag-btcusd","tag-crypto","tag-fear-and-greed-index"],"acf":[],"yoast_head":"\n<title>Bitcoin Sentiment Suggests Serious Greed, But Will A Correction Come?<\/title>\n<meta name=\"description\" content=\"As Bitcoin made a new all-time high above $68k, the crypto market sentiment changed to extreme greed. Periods of such sentiment have lead to corrections\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/bitcoin-market-greed-correction\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Sentiment Suggests Serious Greed, But Will A Correction Come?\" \/>\n<meta property=\"og:description\" content=\"As Bitcoin made a new all-time high above $68k, the crypto market sentiment changed to extreme greed. Periods of such sentiment have lead to corrections\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/bitcoin-market-greed-correction\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2021-11-09T19:00:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T11:54:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/11\/executium-gOwX6opXHQk-unsplash-scaled.jpg?fit=2560%2C1703\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1703\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Keshav Verma\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/keshavvarma29\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Keshav Verma\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-market-greed-correction\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-market-greed-correction\/\"},\"author\":{\"name\":\"Keshav Verma\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6\"},\"headline\":\"Bitcoin Sentiment Suggests Serious Greed, But Will A Correction Come?\",\"datePublished\":\"2021-11-09T19:00:06+00:00\",\"dateModified\":\"2024-06-11T11:54:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-market-greed-correction\/\"},\"wordCount\":415,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-market-greed-correction\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/11\/executium-gOwX6opXHQk-unsplash-scaled.jpg?fit=2560%2C1703\",\"keywords\":[\"bitcoin\",\"Bitcoin extreme greed\",\"btc\",\"btcusd\",\"crypto\",\"fear and greed index\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2021\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-market-greed-correction\/\",\"url\":\"https:\/\/wncen.com\/news\/bitcoin-market-greed-correction\/\",\"name\":\"Bitcoin Sentiment Suggests Serious Greed, But Will A Correction Come?\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-market-greed-correction\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-market-greed-correction\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/11\/executium-gOwX6opXHQk-unsplash-scaled.jpg?fit=2560%2C1703\",\"datePublished\":\"2021-11-09T19:00:06+00:00\",\"dateModified\":\"2024-06-11T11:54:03+00:00\",\"description\":\"As Bitcoin made a new all-time high above $68k, the crypto market sentiment changed to extreme greed. Periods of such sentiment have lead to corrections\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-market-greed-correction\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/bitcoin-market-greed-correction\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-market-greed-correction\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/11\/executium-gOwX6opXHQk-unsplash-scaled.jpg?fit=2560%2C1703\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/11\/executium-gOwX6opXHQk-unsplash-scaled.jpg?fit=2560%2C1703\",\"width\":2560,\"height\":1703,\"caption\":\"Bitcoin\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/bitcoin-market-greed-correction\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin Sentiment Suggests Serious Greed, But Will A Correction Come?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6\",\"name\":\"Keshav Verma\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g\",\"caption\":\"Keshav Verma\"},\"description\":\"Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor\u2019s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions. Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true. Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn\u2019t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment.. Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new. As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money. Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn\u2019t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs. Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/keshavverma29\/\",\"https:\/\/x.com\/https:\/\/twitter.com\/keshavvarma29\"],\"url\":\"https:\/\/wncen.com\/author\/hououinkyouma29\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bitcoin Sentiment Suggests Serious Greed, But Will A Correction Come?","description":"As Bitcoin made a new all-time high above $68k, the crypto market sentiment changed to extreme greed. Periods of such sentiment have lead to corrections","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/bitcoin-market-greed-correction\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Sentiment Suggests Serious Greed, But Will A Correction Come?","og_description":"As Bitcoin made a new all-time high above $68k, the crypto market sentiment changed to extreme greed. Periods of such sentiment have lead to corrections","og_url":"https:\/\/wncen.com\/news\/bitcoin-market-greed-correction\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2021-11-09T19:00:06+00:00","article_modified_time":"2024-06-11T11:54:03+00:00","og_image":[{"width":2560,"height":1703,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/11\/executium-gOwX6opXHQk-unsplash-scaled.jpg?fit=2560%2C1703","type":"image\/jpeg"}],"author":"Keshav Verma","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/keshavvarma29","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Keshav Verma","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/bitcoin-market-greed-correction\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/bitcoin-market-greed-correction\/"},"author":{"name":"Keshav Verma","@id":"https:\/\/wncen.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6"},"headline":"Bitcoin Sentiment Suggests Serious Greed, But Will A Correction Come?","datePublished":"2021-11-09T19:00:06+00:00","dateModified":"2024-06-11T11:54:03+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/bitcoin-market-greed-correction\/"},"wordCount":415,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/bitcoin-market-greed-correction\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/11\/executium-gOwX6opXHQk-unsplash-scaled.jpg?fit=2560%2C1703","keywords":["bitcoin","Bitcoin extreme greed","btc","btcusd","crypto","fear and greed index"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2021","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/bitcoin-market-greed-correction\/","url":"https:\/\/wncen.com\/news\/bitcoin-market-greed-correction\/","name":"Bitcoin Sentiment Suggests Serious Greed, But Will A Correction Come?","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/bitcoin-market-greed-correction\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/bitcoin-market-greed-correction\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/11\/executium-gOwX6opXHQk-unsplash-scaled.jpg?fit=2560%2C1703","datePublished":"2021-11-09T19:00:06+00:00","dateModified":"2024-06-11T11:54:03+00:00","description":"As Bitcoin made a new all-time high above $68k, the crypto market sentiment changed to extreme greed. Periods of such sentiment have lead to corrections","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/bitcoin-market-greed-correction\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/bitcoin-market-greed-correction\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/bitcoin-market-greed-correction\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/11\/executium-gOwX6opXHQk-unsplash-scaled.jpg?fit=2560%2C1703","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/11\/executium-gOwX6opXHQk-unsplash-scaled.jpg?fit=2560%2C1703","width":2560,"height":1703,"caption":"Bitcoin"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/bitcoin-market-greed-correction\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin Sentiment Suggests Serious Greed, But Will A Correction Come?"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6","name":"Keshav Verma","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g","caption":"Keshav Verma"},"description":"Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor\u2019s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions. Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true. Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn\u2019t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment.. Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new. As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money. Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn\u2019t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs. Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.","sameAs":["https:\/\/www.linkedin.com\/in\/keshavverma29\/","https:\/\/x.com\/https:\/\/twitter.com\/keshavvarma29"],"url":"https:\/\/wncen.com\/author\/hououinkyouma29\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Sentiment Suggests Serious Greed, But Will A Correction Come?","url":"http:\/\/wncen.com\/news\/bitcoin-market-greed-correction\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin-market-greed-correction\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/11\/executium-gOwX6opXHQk-unsplash-scaled.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/11\/executium-gOwX6opXHQk-unsplash-scaled.jpg?fit=2560%2C1703"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Keshav Verma"}],"creator":["Keshav Verma"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin extreme greed","btc","btcusd","crypto","fear and greed index"],"dateCreated":"2021-11-09T19:00:06Z","datePublished":"2021-11-09T19:00:06Z","dateModified":"2024-06-11T11:54:03Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Sentiment Suggests Serious Greed, But Will A Correction Come?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-market-greed-correction\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-market-greed-correction\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/11\\\/executium-gOwX6opXHQk-unsplash-scaled.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/11\\\/executium-gOwX6opXHQk-unsplash-scaled.jpg?fit=2560%2C1703\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Keshav Verma\"}],\"creator\":[\"Keshav Verma\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin extreme greed\",\"btc\",\"btcusd\",\"crypto\",\"fear and greed index\"],\"dateCreated\":\"2021-11-09T19:00:06Z\",\"datePublished\":\"2021-11-09T19:00:06Z\",\"dateModified\":\"2024-06-11T11:54:03Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/11\/executium-gOwX6opXHQk-unsplash-scaled.jpg?fit=2560%2C1703","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/475881"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/542"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=475881"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/475881\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/475899"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=475881"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=475881"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=475881"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}