KEY TAKEAWAYSJPMorgans retail sentiment score suggests extreme investor optimism for $BTC and related products.MicroStrategys and Metaplanets aggressive $BTC acquisitions are paying off as MSTR stock rises by 55.51% and JP:3350 by 57.63% month-to-date.The high put-call skew for MSTR options indicates extreme bullishness, which could be a precursor to a market correction.JPMorgans retail sentiment score hit its record high of four, indicating an extremely optimistic investor outlook. Last week, $BTC climbed to its new all-time high (ATH) of $93.4K, and inflows into $BTC ETFs surpassed $1.6B.Investment giants like Metaplanet believe the bull run is far from over. Metaplanet announced a bond sale this morning to top up its $92.3M $BTC stash.Without further ado, lets unpack the current market situation.Retail Bulls Bet on $BTC and MSTRJPMorgans retail sentiment score measures how retail investors feel about $BTC and the broader crypto market. It considers data from sources like social media, online forums, and trading platforms.JPMorgans equity research team notes a multi-sigma spike in retail sentiment for $BTC products, including IBIT $BTC ETFs (+3.4z) and COIN (+6z).However, SoSoValue data shows $BTC ETFs saw the third-highest outflow (over $400M) since their launch in January on November 14. The outflows primarily came from Fidelitys $FBTC and ARK 21Shares $ARKB ETFs.Source: SoSo ValueMicroStrategys MSTR stock investors are also bullish, as evident from the one-year 25-delta put-call skew plummeting to a record low of 26.7% on Wednesday.This means that investors were paying a significantly higher premium for call options (bets on the stock price rising) than put options (bets on the stock price falling).Its worth noting that a correction usually follows record highs. Unless $BTC continues its parabolic upward trend, MSTR price is likely to pull back by some degree.More Green Dots for MicroStrategyOn Sunday, Michael Saylor posted a screenshot of MicroStrategys portfolio tracker and said it needs more green dots, which indicate $BTC purchases.Michael Saylor is a known $BTC maximalist, so his hinting at a new investment isnt surprising. Last time Saylor made a similar statement, MicroStrategy bought $2B worth of $BTC, bringing its portfolio to $23B.The firm aspires to raise $42B by 2027 through shares and convertible debt to fund future $BTC investments. The ultimate goal is to become the leading $BTC bank worldwide.Following in MicroStrategys footsteps, Tokyo-listed investment firm Metaplanet announced plans to allocate the proceeds from its 1.75B yen (roughly $11.3M) one-year bond issuance, offering a 0.36% annual interest rate, entirely towards $BTC acquisitions. To date, Metaplanet has accumulated over 1K $BTC, worth $92.3M.In October, Metaplanet adopted $BTC yield, which measures the percentage change in the total $BTC holdings ratio to fully diluted shares outstanding, as a KPI. By tracking $BTC yield, Metaplanet aims to evaluate the effectiveness of its strategy.Is a Correction Looming?The CMC Crypto Fear & Greed Index currently stands at 83. Despite $BTCs strong performance, for risk-averse investors, such a high value is a concerning sign.Is the market overheated and due for a correction, or will the frenzy continue? Well have to wait and see.SourcesClick to expand and view sourcesUS Spot BTC ETF (SoSoValue)Michael Saylor (X)Metaplanet Inc. (X)MicroStrategy Inc. (MarketWatch)MSTR (MarketWatch)Add Techreport to Your Google News Feed Get the latest updates, trends, and insights delivered straight to your fingertips. Subscribe now! Subscribe now Lora is a writer based in Ireland. Her background in finance and interest in technology helps her present complex concepts in an intelligible and fun way, which is especially useful when it comes to the world of cryptocurrency and blockchain technology. Starting as an agency writer, she soon branched out to freelance and later launched a family-run digital marketing agency. In her spare time, Lora attends dance classes or immerses in reading, preferring technology news or postmodern literature. View all articles by Lora Pance Our editorial processThe Tech Reporteditorial policyis centered on providing helpful, accurate content that offers real value to our readers. We only work with experienced writers who have specific knowledge in the topics they cover, including latest developments in technology, online privacy, cryptocurrencies, software, and more. Our editorial policy ensures that each topic is researched and curated by our in-house editors. We maintain rigorous journalistic standards, and every article is 100% written byreal authors.