According to Warren Buffett, as cited by multiple market analysts including @CryptoQuant_Official, the principle 'Be fearful when others are greedy, and greedy when others are fearful' is being applied by many crypto traders to navigate current market volatility. The Crypto Fear and Greed Index, which measures market sentiment using real-time data, has shown extreme greed levels in early 2024, signaling a potential risk for overbought conditions (source: CryptoQuant, June 2024). Traders are advised to monitor this index as elevated greed often precedes market corrections, while high fear frequently signals potential buying opportunities. This approach, rooted in Buffett's trading wisdom, is widely referenced for timing entries and exits in Bitcoin and altcoin markets (source: Glassnode, June 2024).