Analysis: If there is no sustained positive support, the possibility of a short-term correction of BTC cannot be ruled out

Odaily News Lin Chen, head of Asia Pacific business at Deribit, wrote on X: "It has been in a state of extreme greed for five consecutive days recently, with the highest greed index reaching 90. The current market FOMO sentiment has begun to cool down, and the market purchasing power has gradually declined. At the same time, BTC ETFs have also begun to show signs of net outflows. However, liquidity is relatively insufficient on weekends, so we need to pay attention to the opening trend of US stocks tonight. Currently, BTC is fluctuating around 90,000. If there is no sustained positive support, the possibility of a short-term correction cannot be ruled out."