On-chain analyst Crypto Dan stated that as Bitcoin continues its recent rally, the more confident everyone becomes, the more dangerous it is. He said via X, "The greed index has risen significantly due to Bitcoin's rebound. The forces that move the market often give hope to market participants, only to then blindsided them. In fact, you can assume they almost always do that. As the recent rebound continues, many people are exclaiming that the market has already bottomed out and Bitcoin will break its all-time high as it is. It's a world where if the rally continues, people shout for a bullish view, and if the decline continues, they shout for a bearish view. He added, "If you look from a different perspective than theirs, you might see the answer."
