Bitcoin Fear Index Exits “Extreme Fear” After Longest Stretch Since 2022
Bitcoin sentiment improves as the Crypto Fear & Greed Index leaves “Extreme Fear” territory, signaling potential market bottom formation.
Bitcoin market sentiment shows signs of recovery after spending over two weeks in “Extreme Fear”, according to the Crypto Fear & Greed Index. The gauge reached a score of 28 (“Fear”), marking the first exit from extreme lows since November 10, ending an 18-day stretch that coincided with BTC’s drop from above $100,000 to recent lows near $80,000.
Analysts note that prior extreme fear readings often align with local market bottoms. Social sentiment has also shifted cautiously bullish, with discussions focusing on institutional flows, ETF activity, and treasury purchases. Bitcoin is currently trading around $90,500.
Despite optimism for BTC, broader crypto markets remain risk-off. The Altcoin Season Index sits at 22/100, indicating a continued preference for Bitcoin over higher-risk altcoins.
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Bitcoin exits “Extreme Fear” as market sentiment turns cautiously bullish while altcoins lag.
Disclaimer: Not Financial Advice
