Bitcoin sentiment reaches two-year high as market frenzy eases

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On September 12, 2026, Bitcoin investor sentiment reached a two-year high, according to CryptoQuant analyst Darkfost. The market sentiment indicator rose above 89/100, entering the "extreme greed" zone. This index, which tracks metrics such as the Fear & Greed Index, often signals a potential trend reversal when reaching extreme levels. As the initial market frenzy subsides, investor sentiment is normalizing, though Bitcoin continues to face pressure to maintain its current price level.

Huoxing Finance reports that on September 12, CryptoQuant analyst Darkfost stated that Bitcoin’s recent price surge has pushed investor sentiment to its strongest level since March 2024. The market sentiment indicator he tracks briefly rose above 89/100, entering the “extreme greed” zone. This indicator, which combines multiple data points including the Fear & Greed Index, ranges from -100 to +100, representing extreme fear and extreme greed, respectively. Darkfost noted that when market sentiment becomes extremely optimistic or pessimistic, it often signals a potential trend reversal. Currently, as the previous market euphoria subsides, the sentiment indicator is retreating toward more normal levels, while Bitcoin continues to struggle to hold its current price range.

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