Despite Bitcoin’s price drop to 94,000 USD, the Fear and Greed Index remains HIGH at 72, reflecting a ‘greedy’ sentiment. This suggests that investors may still be optimistic about Bitcoin’s potential for future growth, viewing the current decline as a possible buying opportunity.
Large investors or ‘whales’ have shown significant activity in recent times, purchasing over 90 million DOGE in just 48 hours. This surge in activity by large holders indicates ongoing interest and investment in the crypto market, highlighting potential future gains despite the recent Bitcoin price drop.