[Domestic Market Sentiment Check] Premium Top OBSR and RLY Record 100%... LINK and PENDLE 'Extremely Greedy'

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According to the Upbit standard market sentiment index as of 10:08 AM on August 11th, the market sentiment remained at a 'neutral (57)' level. This is a slight decrease from the previous day's 'neutral (58)', showing that investor sentiment is temporarily in a stagnant state. Looking at past comparative indicators, it was 'neutral (54)' a week ago, 'greed (62)' a month ago, and a stronger 'greed (64)' three months ago. This suggests that investment sentiment has somewhat contracted over the past month. In terms of asset-specific sentiment indices, no assets were in the 'fear' range. However, multiple assets were found to be in the 'greed' or 'extreme greed' ranges. The assets showing the highest greed levels were Chainlink (LINK, 81) and Pendle (PENDLE, 81), both maintaining an 'extreme greed' level but showing a slight decline of 5 and 1 points respectively from the previous day, indicating some cooling of buying sentiment. Following these were Layer Zero (ZRO, 78), Mantle (MNT, 75), and Pengy Penguin (PENGU, 75), which entered the greed stage, reflecting strong investor expectations. Meanwhile, the Upbit premium (based on USDT) was not separately aggregated, but high divergence rates were observed for specific assets. Observer (OBSR) and Rally (RLY) showed Upbit trading prices 100% higher than the global average. Oasis (OAS, +10.00%), Napoli (NAP, +9.41%), and Lumiwave (LWA, +7.69%) also recorded relatively high premiums. Conversely, reverse premium assets trading lower than global prices were also identified. These included Reserve Rights (RSR, –12.50%), AC Milan (ACM, –8.28%), Newton Protocol (NEWT, –1.87%), Radium (RAY, –1.80%), and Moodeng (MOODENG, –1.79%). This may indicate reduced demand for these assets or temporary fluctuations divergent from global market prices.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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