Just noticed the mood in crypto markets has completely flipped. After months of everyone being scared out of their minds, the Fear & Greed Index finally hit 61 the other day - first time we've seen greed readings since way back in October. Honestly feels like a completely different market compared to a few weeks ago when things were in the dumps.

What's wild is how fast this turned around. We went from the index sitting in the single digits through November and December, then Bitcoin started climbing and suddenly everyone's risk appetite came back. The run from around 89k up to nearly 98k in just a week definitely helped settle people's nerves after that brutal October liquidation event that wiped out like 19 billion in a single day.

That said, I'm not getting too excited yet. The index at 61 is definitely better than extreme fear, but it's not the kind of crazy greed you usually see right before major tops. Bitcoin seems to be holding these levels okay, but I'm watching to see if it can actually sustain this rally or if we're just bouncing. The sentiment shift is real, but traders are still pretty cautious underneath all this - can't blame them after what happened a few months back.

On a separate note, saw that Bhutan quietly sold off most of its Bitcoin stash. They had around 13,000 BTC back in October but apparently only holding like 3,954 now. Guess even countries are taking profits or dealing with their own issues. Their mining operations seem to have slowed down too based on the data.

Keeping an eye on whether this greed index reading holds or if we get pulled back into fear territory again. These sentiment swings have been pretty dramatic lately.