Crypto Fear and Greed Index Surges Into Greed: Is Bitcoin’s Rally Just Getting Started?

Crypto sentiment has flipped remarkably quickly. The Crypto Fear and Greed Index has jumped to 72, firmly inside “Greed,” as Bitcoin trades around $80,000 after breaking out of a six-week range. Just one week ago, the same index stood at 29, signaling fear.

The reversal reflects the strength of Bitcoin’s rally. BTC has gained roughly 20% in ten days, reclaimed $70,000 for the first time since June, and triggered billions of dollars in liquidations among traders betting against the market. Related: What Is Crypto Market Sentiment?

Beginner to Advanced Investor Guide But greed can mean two very different things. It may signal that investors are finally returning after months of pessimism. It can also mean traders have become bullish too quickly after a short squeeze.

So is Bitcoin’s rally beginning a new market cycle—or already becoming overheated? What Does the Crypto Fear and Greed Index Show? The Crypto Fear and Greed Index attempts to gauge market psychology with a score between 0 and 100.