Bitcoin Rally Hits Extreme Greed: Is the Market Overheated or Just Getting Started?

Bitcoin rally started in late August, climbing approximately 24% since 17 August, briefly meeting the $81,000 mark, its highest level since May, on the back of a bounceback from an early-August drop below $63,000.

Short covering, a weak US dollar, and an improving liquidity outlook were other factors seen as supportive of Bitcoin.

Bitcoin Hits Extreme Greed: Why Sentiment Flipped So Fast Bitcoin Surges Back Above $80K After a 24% Weekly Rally The return of Bitcoin $80K scenario coincided with renewed institutional demand. U.S.

spot Bitcoin ETFs saw $1.9 billion worth of net inflows in the week ending August 21, 2026, the most in a week this year, providing spot buying demand alongside the derivatives rally.