Crypto Market Sentiment Shifts to Greed as Bitcoin Surges 3.2%

The cryptocurrency market has recently witnessed a notable shift in sentiment, with the Fear and Greed Index rising to 62, indicating a transition towards greed. This increase reflects a growing optimism among investors, who are increasingly bullish on the prospects of Bitcoin and other digital assets. The rise in the index is a clear indication of the market's confidence in the future performance of cryptocurrencies, particularly Bitcoin.

The surge in sentiment can be attributed to several factors, including the recent 'Proof of Orange' tweet by Michael Saylor, the executive chairman of MicroStrategy. This tweet, which was posted on June 7, 2025, sparked significant discussion among Bitcoin traders and the broader crypto community. The phrase 'Proof of Orange' is widely interpreted as a nod to Bitcoin’s branding and its distinct market identity, reinforcing bullish market sentiment. Traders are monitoring social media engagement metrics as such high-profile endorsements often coincide with increased trading volumes and price momentum in Bitcoin markets. Historical data indicates that Saylor’s public statements frequently precede surges in Bitcoin trading activity, making this tweet a noteworthy signal for short-term traders and long-term holders alike.

The impact of Saylor's tweet was immediate and measurable. Within two hours of the post, Bitcoin’s trading volume surged, indicating heightened buying interest. This spike suggests that Saylor’s influence continues to drive retail and possibly institutional capital into Bitcoin. The correlation between MicroStrategy’s stock and Bitcoin remains strong, with MSTR gaining by 2:00 PM EST on June 7, as noted. This parallel movement highlights how stock market dynamics, especially for crypto-related equities, can amplify Bitcoin’s price action, creating trading opportunities for those positioned in both markets.

Technical indicators also support the bullish sentiment. Bitcoin’s Relative Strength Index (RSI) on the 4-hour chart stood at 62, suggesting the asset is approaching overbought territory but still has room for upward movement. The Moving Average Convergence Divergence (MACD) showed a bullish crossover, reinforcing the positive sentiment following Saylor’s post. On-chain metrics further support this trend, with a significant increase in Bitcoin wallet addresses holding over 0.1 BTC, indicating retail accumulation. Additionally, the stock-to-flow model continues to project a long-term price target of $100,000 by late 2025, aligning with current bullish momentum.

The interplay between stock and crypto markets underscores the importance of monitoring crypto-related stocks. The 3.2% gain by 2:00 PM EST on June 7, mirrors Bitcoin’s rally, reflecting how institutional investors often use such stocks as proxies for crypto exposure. This dynamic suggests that any further positive news or endorsements from influential figures could drive simultaneous gains in both markets. Risk appetite appears elevated, with the Crypto Fear & Greed Index hitting 72 (Greed), signaling strong market confidence. Traders should remain cautious of potential volatility, especially if stock market gains taper off, but the current environment offers opportunities for swing trades on BTC/USD and correlated assets, provided stop-losses are strategically placed below key support levels.