Current market sentiment is extreme greed: As of December 17, 2024, the Crypto Fear & Greed Index score of 87 reflects heightened Optimism, driven by trading activities in Bitcoin (BTC) and Ethereum (ETH), increasing volumes, and positive social media interactions.

Caution advised despite HIGH confidence: While the index at 87 signals strong bullish sentiment, investors should remain cautious of potential overvaluation risks, as history shows that extreme greed periods may precede market corrections.