Bitcoin market sentiment has reached its highest level since March 2024, briefly entering "extreme greed".

According to CryptoQuant analyst Darkfost, this round of Bitcoin's rally has pushed investor sentiment to its most optimistic level in nearly two years, with relevant market sentiment indicators briefly surpassing 89 points into the "Extreme Greed" zone, the last time similar levels were seen in March 2024. Darkfost pointed out that when market sentiment becomes excessively optimistic or pessimistic, it often warrants attention for potential trend reversals. Currently, the indicator has begun to retreat from its previous frenzied levels and is gradually returning to a relatively normal range, while the Bitcoin price is attempting to hold its current level.