PANews reported on December 10 that according to the Greed and Fear Index model data released by Matrixport, the Bitcoin market sentiment has recently shifted from "fear" to "greed" (the index exceeds 90%), a signal that is often seen as a precursor to profit-taking. This year, the index has marked five key entry points when it was below 10%, indicating that the market is in a panic.

In the past seven months, Bitcoin has experienced a long period of consolidation. Despite repeated "panic" signals, it has never entered the "greed" range due to insufficient rebound momentum. The recent index exceeded 90%, suggesting that Bitcoin may usher in a period of consolidation before resuming its rise.