According to recent analysis from Matrixport, dated November 6th, Bitcoin has undergone a minor sell-off amidst the pivotal U.S. election period. This shift has prompted the Greed and Fear Index to dip from the extreme “Greed” zone to a more neutral positioning, suggesting a potential for future upward momentum. As electoral outcomes become clearer, market participants anticipate a year-end rally driven by increased risk appetite. The current election dynamics have heightened market volatility, and analysts indicate that as this volatility calms, traders are likely to further enhance their positions in the leading cryptocurrency. Given Bitcoin’s robust upward trajectory, an increase in the Greed and Fear Index could also be expected, reflecting growing confidence among investors.
