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How far is Bitcoin from one million dollars?
As of January 15th, Bitcoin is priced at $96,483, which means it is less than 10% away from the million-dollar mark—specifically, a 9.65% progress. Since its inception 17 years and 12 days ago, every step has been breaking market expectations.
The most interesting part is the change in market sentiment. The Fear and Greed Index is now at 62, clearly in the greed zone. What does this reflect? Investors' enthusiasm is sharply rebounding. Bitcoin is firmly above $96,000 and is making a push toward the $100,000 threshold.
This milestone is crucial. When prices are high, two reactions usually occur: one is profit-taking selling pressure, and the other is FOMO (Fear of Missing Out) driven buying. The index shows greed is prevailing, indicating that the market still has confidence in the subsequent trend. Only one step away from six figures, the market is watching to see what happens next.