Investing.com — Needham & Co. said its proprietary ‘Crypto Euphoria Needham Diagram’ (CEND) reached its highest levels since its inception, indicating that market sentiment for cryptocurrencies is “very high right now” and approaching “extreme euphoria.”
The CEND index, which tracks various metrics related to the crypto market cycle, recorded a value of 64 this week, a significant rise from 55 in December 2024, yet still below the peak of 82 seen in October 2021.
The analysis by Needham includes six underlying metrics that measure investor sentiment across retail, crypto-native, and institutional domains, as well as “risk on” indicators such as the market value to realized value (MVRV) Z score and dominance.
These metrics aim to capture the level of fear of missing out (FOMO) and capital allocation to riskier segments of the crypto universe. According to Needham, the current CEND reading is a sign of increasing euphoria, which historically aligns…
Read More
