An analysis has emerged that as trading volumes for both Bitcoin and Ethereum increase in the virtual asset market, investor sentiment is tilting toward risk appetite. The Fear and Greed Index, which reflects market sentiment, has also entered the 'Greed' zone, supporting signs of recovery.

Bitcoin 24-Hour Trading Volume at $60.2 Billion... Up 8%

On the 21st, Margex stated on the CoinMarketCap community that overall risk appetite is reviving in the recent market trend, and that this change is also reflected in trading volumes.

According to data presented by Margex, Bitcoin's 24-hour trading volume was tallied at approximately $60.2 billion, up about 8% from the previous period. It is evaluated as recording the largest trading scale in the virtual asset market, standing at the center of capital inflows.

Ethereum also saw expanded trading participation. Ethereum's 24-hour trading volume was presented at approximately $28.1 billion, with a trading volume increase rate of 4.3%. The fact that trading in the two leading coins is simultaneously becoming active is one of the factors that can gauge the recent market's preference for risk assets.

Fear and Greed Index at 69... Enters 'Greed' Territory

The investor sentiment indicator also moved toward strength. Margex explained that the Fear and Greed Index recorded 69, placing it in the 'Greed' territory. This can be interpreted as meaning that market participants' psychology has entered a stage where it places more weight on the upward trend than on fear.

Potential for Short-Term Volatility Expansion Must Also Be Considered

However, it is difficult to definitively determine future price direction based solely on trading volume increases and the Fear and Greed Index. In particular, in a situation where investor sentiment has rapidly moved into the greed zone, buying momentum could fuel further gains, but the possibility of expanded volatility must also be considered if short-term profit-taking overlaps.

Going forward, whether the increase in Bitcoin and Ethereum trading volumes continues and whether actual spot demand supports the price rise are expected to be key variables in the market. Macroeconomic conditions, such as U.S. Treasury yields, the dollar's value, and global risk asset trends, could also influence the short-term direction of the virtual asset market.

Margex emphasized that individual investors should directly verify relevant information and conduct thorough research before making investment decisions.

[This article was written with AI assistance. This article is not intended to recommend the purchase or sale of any specific virtual asset or to guarantee investment returns. Virtual asset prices can fluctuate sharply depending on market supply and demand, investor sentiment, and macroeconomic conditions, and there is a possibility of principal loss. Individual indicators such as the Fear and Greed Index and trading volumes are merely reference materials for judging market conditions and do not guarantee future price movements. Investment decisions and the responsibility for them rest with the investor.].