When we are at Extreme Greed you need to be taking some profit off the table. Most people in crypto fail to keep the money they've made. They either sell too late or they selfishly watch all profits fall back to zero.
I've seen this happening each cycle.
We all need to understand that 1st priority in crypto is surviving. Profits are in 2nd place. Yes that sounds counterintuitive, but it's really simple. The real skill is not in making money. The real skill is in keeping it.
I hope you found this useful. Keep up the flow, and may the force be with you.
Since after the Covid-19 pandemic, during when we had all the market bleed extensively the majority of investors were really crushed dynamics has changed and some investors lost their life savings in the market both investors in the stocks, bonds, derivatives, and lot of other investment assets class out there and the resultant effect or negative impact is what are facing in the till today and no one wants to keep their money much longer in the market and now take at every opportunity. Now back to your op, profit taking is very important in this volatile crypto market and because of uncertainty in the market and to protect your portfolios.