Crypto Fear and Greed Index has shifted to extreme greed territory, marking the first such sentiment reading since 2024.
Macro & Markets ·
The Crypto Fear and Greed Index reached 81 late Sunday, entering extreme greed for the first time since late 2024, climbing 45 points in 30 days from a reading of 36 a month prior. The rapid shift—marking the fastest sentiment swing between two extremes on record—coincided with Bitcoin gaining roughly 24% in a week, while short liquidations exceeded $4 billion over two to three days as the asset broke $70,000. The index had bottomed at 5 on February 5 in extreme fear, making the six-month arc to current levels a complete reversal spanning from total capitulation to widespread bullish conviction, according to https://decrypt.co/376503/crypto-fear-greed-index-extreme-greed.