Analyst warns of potential reversal as market greed rises

On-chain analyst Crypto Dan has warned that the more confident the market becomes amid Bitcoin's ongoing rally, the greater the risk of a sudden downturn. Posting on X, he noted that investor greed has risen significantly with the recent rebound. According to the analyst, market movers often build hope among participants before engineering a sharp reversal to catch them off guard, a pattern he described as almost always in play. He observed that the sustained rally has led many to believe the market has already bottomed out and that Bitcoin is on its way to a new all-time high. He cautioned that sentiment often just follows the prevailing trend—bullish during a rise and bearish during a fall—and suggested that a contrarian perspective might offer a clearer view of the market.