Crypto Fear & Greed index flips to ‘greed’ for first time since October

The widely tracked Crypto Fear & Greed Index (F&G Index) has registered a reading firmly in the ‘Greed’ territory, marking the first time the indicator has done so since the positive market movements seen in October. The index, which assesses various factors including volatility, trading volume, social media sentiment, and market dominance, has crossed the 55 threshold, settling around the mid-60s mark. This shift signifies a substantial improvement in investor confidence and a departure from the ‘Fear’ and ‘Neutral’ conditions that dominated the later part of the previous year. The move is largely attributed to the sustained upward trajectory of major assets, particularly Bitcoin (BTC) and Ethereum (ETH), which recently breached significant resistance levels amid growing expectations of institutional adoption and tightening supply. While the ‘Greed’ reading reflects strong market momentum and optimism regarding short-term price action, analysts caution that elevated levels of greed can sometimes indicate an overheated market, potentially preceding minor corrective pullbacks as investor psychology peaks.

Source: Crypto Fear & Greed index flips to ‘greed’ for first time since October