Crypto Fear & Greed Index Climbs to ‘Greed’ at 71

The surge in the Crypto Fear & Greed Index highlights increasing market bullishness, with Bitcoin and Ethereum showing resilience. Investor interest may push trading volumes higher.

Crypto Fear & Greed Index rises from Neutral at 50 to 71, suggesting heightened bullish sentiment. Bitcoin and Ethereum emerge as key beneficiaries, with potential price action in the coming days likely influenced by this shift.

“A Greed rating above 70 often means traders should be wary, as it can signal a potential correction. However, it also indicates bullish sentiment in the short term.” — Arthur Hayes, Co-founder, BitMEX

Increased investor optimism has driven the Crypto Fear & Greed Index to 71. Alternative.me reports indicate a marked turn toward bullishness, particularly affecting BTC and ETH, which are poised for gains if sentiment remains strong.

Market reactions to the index shift are significant. Analyzing Bitcoin’s rising active addresses and transactions along with Ethereum’s resilience, experts forecast continued positive performance if current sentiment persists. Both assets show potential for further gains.

According to historical data, a Greed rating above 70 often precedes market corrections or short-term bull runs. This year’s index surge, topped with institutional inflows, supports optimistic outlooks for both Bitcoin and Ethereum in the near term.

Higher index levels historically correlate with increased price volatility, resulting in potential market corrections. Analysts predict potential corrections while acknowledging the likely short-term bullish run spurred by heightened institutional interest and trading volume.

Both Bitcoin and Ethereum may see increased volatility, driven by market euphoria. Analysts suggest monitoring on-chain metrics and Total Value Locked (TVL) indicators in DeFi to anticipate any drastic market changes as sentiment trends upwards.

Reports suggest that institutional inflows remain strong. The market’s bullish sentiment benefits from positive momentum in Bitcoin and Ethereum trading, indicating potential for sustained growth. Observers should keep track of on-chain data for further insights.