The Crypto Fear and Greed Index climbed 45 points in a month as Bitcoin gained about 24% in a week.
Crypto market sentiment has reached extreme greed for the first time since late 2024, with the Crypto Fear and Greed Index climbing to 81, Decrypt reported.
The index rose from 36 a month ago and 41 a week earlier, marking a 45-point increase in 30 days. The reading is above the 80 threshold that signals aggressive buying and strong bullish conviction.
The shift accompanied a roughly 24% weekly gain for Bitcoin, which outpaced the broader crypto market. The index had fallen as low as 5 in February, showing the scale of the change in sentiment.
The rally also followed a US Treasury announcement that it would double long-term bond buybacks from $2 billion to $4 billion per operation. More than $4 billion in crypto short positions were liquidated as Bitcoin moved above $70,000, while Bitcoin and Ethereum ETFs attracted about $2.3 billion in combined assets.
