Key Takeaways:
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The sentiment in the crypto market struck a two -month height with a Crypto Fear & Greed Index returning to the “greed” territory on April 23.
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Despite handling the price of bitcoin, the sentiment mark gradually decreases, and the analysts express doubts about maintaining the rally.
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The crypto market remains heavy in Bitcoin, with dominance above 64%, strong ETF flow and a low Altcoin period mark.
A few days of Bitcoin’s climb above $ 90,000 pushed the Crypto market sentiment to its highest point in more than two months on April 23, but gradually taping again as analysts concerned with the wind about maintaining the Bitcoin rally.
On April 23, the Crypto Fear & Greed Index Clocks a mark of 72 out of 100, putting it in the “greed” zone as Bitcoin (Btc) return to top of $ 90,000 level. However, on April 25, the mark fell to 60 despite relatively stable prices.
Crypto sentiment at two months height
The last time the index struck this mark was on February 4, around the same time US President Donald Trump Introduced tariffs and bitcoin fell below $ 100,000. Since Bitcoin has earned a $ 90,000 price level in the first time since March 6.
However, despite Bitcoin’s trading between $ 91,800 and $ 94,304 over the past two days, the emotion inside the “Greed” territory gradually cools down, with the index falling on April 24 and 60 on April 25.
Partial pullback follows warnings from many crypto analysts that remain careful about the Bitcoin rally, including the leader of the 10x research research, Markus Thielen, who is not yet convinced a rally.
“Due to our stablecoin mination indicator has not yet returned to high -activity levels, we remain careful about maintaining the current Bitcoin rally,” Thielen said on April 23.
Meanwhile, Bitfinex analysts said on April 24 that while Bitcoin’s Kaba -son is Against the equally US “appears to be real,” it has not been confirmed as a structure.
However, others are more bullish. My trading capital founder Michaël van de poppe said on April 24 That “Buyers are likely to come in, and then we will continue our path to a new one (all time high).”
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The altcoin season of coinmarketcap Index suggests that the market is still heavily favored by Bitcoin in the Altcoins, with the Altcoin season mark sitting on a low 17 of 100. It came as Bitcoin’s dominance sat 64.39%, According to In tradingview data.
Bitcoin’s sentiment gained momentum because it touched the mid $ 80,000 price range. On April 17, Crypto Analytics firm pointed out that Santiment was the social tone associated with Bitcoin Media posts flipped over Bullish.
Meanwhile, the crypto analyst businessman t Taught Out of a post of April 25 x based in US -based area Bitcoin ETF hasUntil April 24, their third-excellent flowing week has been seen since the launch in January 2024. During the past four days of trading, the area Bitcoin ETF has seen $ 2.6 billion in net inflows.
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This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
