Bitcoin Fear Fading? Sentiment Hits Highest Since Mid-January

Data shows the Bitcoin Fear & Greed Index has recovered to its highest level since mid-January, a sign that belief is returning among crypto traders.

Bitcoin Fear & Greed Index Has Hit A Value Of 33

The “Fear & Greed Index” is an indicator created by Alternative that measures the average sentiment present among traders in the Bitcoin and wider cryptocurrency markets. To represent the investor mentality, it uses a scale running from 0-100. The value on the scale is calculated using the data of five factors: market cap dominance, volatility, trading volume, social media sentiment, and Google Trends.

When the indicator has a value greater than 53, it means the average trader sentiment is one of greed. On the other hand, the indicator being below 47 implies the dominance of fear. The values in between the two cutoffs correspond to a net neutral mentality.

Here’s what the current market sentiment is like, according to the Fear & Greed Index:

Looks like the indicator has a value of 33 | Source: Alternative

As is visible above, the indicator has a value of 33 right now, which suggests that the Bitcoin market sentiment is one of fear. This is actually an improvement compared to what the investor mentality was like just a few days ago. From the chart below, it’s apparent that the Fear & Greed Index had a value of 21 on April 17th.

How the metric’s value has changed over the past twelve months | Source: Alternative

Such a low value falls inside a special zone known as the . Formally, this region is defined as corresponding to a value of 25 or lower and represents the state of highest despair among investors. The market sentiment had deteriorated into this zone as a result of the bearish market trajectory since Q4 2025.