The Crypto Fear & Greed Index climbed out of the “fear” zone on Sunday, landing in neutral territory for the first time in over two weeks as Bitcoin rallied to around $115,000 over the weekend.
The index — which gauges overall market sentiment — now sits at 51 out of 100, signaling a neutral outlook. That’s an 11-point jump from Saturday’s score of 40 and more than 20 points higher than last week, reflecting a swift shift in market mood.
Trump’s October 10 China tariff announcement sent shockwaves through the crypto market, dragging the Fear & Greed Index from a “greed” reading of 71 to a yearly low of 24, as roughly $19 billion in leveraged crypto positions were liquidated.
“Aggressive” BTC selling begins to cool
Market sentiment has since stabilized, coinciding with a noticeable drop in Bitcoin selling pressure, according to on-chain analytics firm Glassnode.
In an X post on Sunday, Glassnode noted signs of a trend reversal, suggesting that both selling pressure and negative sentiment may have already hit their lowest point.
“For the first time since the October 10 flush, spot and futures CVD [Cumulative Volume Delta] have flattened, indicating that aggressive selling pressure has subsided over the last several days,” the post stated, adding:
“Funding rates remain below the neutral level of 0.01%, indicating no excessive long positioning or froth. In fact, we can see that funding flipped very negative several times over the last 2 weeks showing that participants lean towards caution.”
Looking ahead, traders are eyeing another potentially bullish catalyst — growing expectations that the U.S. Federal Reserve will cut interest rates at its Oct. 29 meeting.
As of now, CME Group’s FedWatch Tool shows a 96.7% probability that the Fed will reduce rates by 0.25 percentage points this week, signaling strong market confidence in further monetary easing.
