Degen

At the peak of a bull run, market sentiment is marked by a mix of euphoria, overconfidence, and underlying anxiety. Optimism soars as prices rise, with many believing the rally will continue indefinitely, leading to speculative investments and a FOMO-driven surge in retail participation. However, beneath the excitement, experienced investors sense the unsustainability of the rally, though denial and the belief that "this time is different" prevail. As volatility increases, anxiety grows, but most are too caught up in the momentum to act. Late-stage entrants often join in, only to get trapped when the inevitable correction occurs, as the market's fragile balance between greed and fear sets the stage for a downturn.