Bitcoin Fear & Greed Turns Neutral For First Time Since January

Data shows fear has faded among Bitcoin traders as the Fear & Greed Index has improved to the neutral territory for the first time since January.

Bitcoin Fear & Greed Index Has Surged To A Value Of 47

The “Fear & Greed Index” is an indicator created by Alternative that tells us about the sentiment present among investors in the Bitcoin and wider cryptocurrency markets.

The index makes use of a numerical scale running from zero to hundred to represent the trader mentality. All values on this scale below 47 imply the presence of a fearful sentiment, while those above 53 correspond to greed in the market. The indicator being between these two cutoffs naturally suggests a net neutral sentiment.

To calculate its score, the Fear & Greed Index incorporates the data of five metrics: volatility, trading volume, market cap dominance, social media sentiment, and Google Trends.

Here’s how the current Bitcoin market sentiment looks based on these factors:

The value of the metric is 47 right now | Source: Alternative

As displayed above, the Fear & Greed Index has a value of 47 at the moment, which implies that the cryptocurrency traders as a whole share a neutral sentiment. This mentality is a new one for the market, as traders were quite fearful just earlier.

From the chart below, it’s visible that the indicator has spent most of its time in 2026 sitting deep inside the fear region.

The trend in the Fear & Greed Index over the past year | Source: Alternative