The index climbed to 61, the very best level witnessed for the reason that starting of October 2025.
The metric that reveals the overall investor sentiment towards the main cryptocurrency, the BTC Concern and Greed Index, has lastly entered “greed” territory after spending the previous three months primarily within the “worry” or “excessive worry” zones.
This growth indicators elevated confidence and a rising urge for food for the asset, however it might even be a precursor to a possible short-term pullback.
Again to ‘Greed’
The previous few days have been greater than constructive for the BTC bulls because the asset’s value briefly surged to a two-month peak of virtually $98,000. This spike got here on the again of elevated geopolitical stress after the USA first launched a navy operation in Venezuela and later threatened to intervene in Iran, the place the native inhabitants has organised large protests in opposition to the regime.
Only recently, the American president Donald Trump eased his tone, claiming that violence within the Asian nation has stopped and promised to not order an assault. The announcement induced little to no volatility in BTC, which at present trades round $96,000, up 7% on a weekly foundation.
Considerably anticipated, the asset’s rally has affected the favored Bitcoin Concern and Greed Index – a metric that tracks quite a few segments, corresponding to value volatility, surveys, and social media feedback, to find out the momentary investor sentiment in the direction of the cryptocurrency.
It has elevated to 61, thus coming into “greed” territory for the primary time for the reason that starting of October final 12 months. This would possibly sound like additional excellent news for the bulls because it displays stronger confidence and demand within the asset.
Then again, it may additionally imply that some buyers are pushed by FOMO slightly than fundamentals, suggesting the market can turn into overheated. In some circumstances, reaching the “greed” and particularly the “excessive greed” zone is perhaps an indication that the value has tapped an area prime and is on the verge of a correction.
You might also like:
Additional Pump on the Horizon?
Many market observers stand firmly within the bullish nook, anticipating BTC’s value to proceed rising within the close to future slightly than head south. X person Jelle believes a leap to $100,000 may happen within the coming weeks, whereas Ali Martinez beforehand predicted that an ascent above $94,500 could also be adopted by a spike to as excessive as $105,921.
In the meantime, whale and shark addresses that personal between 10 and 10,000 BTC have collectively accumulated greater than 32,600 BTC since January 10. On the identical time, shrimp wallets that maintain lower than 0.01 BTC have been on a promoting spree. In keeping with the analytics platform Santiment, this may very well be an ideal setup for a bull run.
SECRET PARTNERSHIP BONUS for CryptoPotato readers: Use this link to register and unlock $1,500 in unique BingX Change rewards (restricted time supply).
