Crypto sentiment climbs as Bitcoin nears $80K

The Crypto Fear & Greed Index has climbed to a three-month high as Bitcoin surged toward $80,000.

The index rose 14 points to 46, marking its strongest level since January, though it remains in the “Fear” zone despite improving market conditions.

Bitcoin rallied nearly 6% to around $79,000 before easing slightly, reflecting renewed momentum driven largely by derivatives market activity.

Analysts at CryptoQuant said the move was fuelled by demand in perpetual futures, while spot market demand has continued to decline gradually.

The sentiment rebound follows a sharp drop earlier this year, when macroeconomic shocks pushed the index to an extreme low and triggered a broad market sell-off.

Despite institutional adoption gains, retail participation remains subdued, limiting a full shift toward bullish sentiment indicators tied to social and search activity.

Data also shows Bitcoin supply moving into long-term holder wallets, suggesting strengthening conviction among larger investors even as short-term traders take profits.

At the time of reporting, Bitcoin price was $78,042.54.