Bitcoin Greed is In the Building! Will it Collapse?

🇺🇸 The highly anticipated FOMC meetings in the US kick off today, and will conclude tomorrow with an anticipated result of interest rates being cut by 25bps

👀 We are seeing the impact of this in Bitcoin's social metrics. Bullish comments are outnumbering bearish comments, making up 64% of comments across social media. This is the highest ratio of crowd greed since July 10th.

😱 Historically, markets move the opposite direction of retail's expectations. This doesn't necessarily mean $BTC are due for a correction simply because the crowd is leaning bullish. But it does mean that expectations should be tempered of a huge surge after rate cuts are confirmed tomorrow. And if the unexpected happens, and rates are not cut, there could be a quick correction that catches retailers off guard.

🔗 Track sentiment ratios for any digital asset here, and see what others in crypto can't!

এটি আর্থিক পরামর্শ নয়। DYOR।