AMBCrypto flagged a combination worth watching: short-term holders are back at breakeven, the Fear and Greed Index is in extreme greed, and ETF demand surged to $937.3 million in net inflows on September 21, the largest single-day figure since the October 2025 peak. Extreme greed is a contrarian reading rather than a bullish one, since it marks the point where the marginal buyer has already bought. Paired with short-term holders at breakeven and ETF investors chasing a move that has already run from $80,000, it describes a market with thinning demand behind it, which is what makes a clean break through $90,000 harder rather than easier.