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The Bitcoin Fear and Greed Index moved into greed territory after spending most of three months in fear or extreme fear territory, reflecting improving investor sentiment and increased risk appetite.
The shift coincides with Bitcoin’s rise over the past few days, with the price trading close to $96,000 after hitting highs this week, recording significant weekly gains.
While the return of greed could be interpreted as a sign of strength, it could also mean that part of the demand is driven by fear of missing out (FOMO), which could increase the likelihood of a short-term correction if the move gets too busy.
The indicator measures sentiment across multiple factors such as price volatility, market momentum, social platform activity, and more to provide an overall read on the direction of sentiment between caution and enthusiasm.
On the other hand, some observers remain optimistic that the momentum may continue toward higher levels in the coming weeks.
Data on investor behavior online also suggests that large portfolios (whales and so-called sharks) continue to buy, while smaller portfolios tend to sell, a combination that some analysts believe supports the possibility of continued gains.
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