Crypto Sentiment Hits ‘Greed’ as Bitcoin, Ether & XRP Gain
Crypto sentiment has shifted into the ‘Greed’ zone after Bitcoin, Ether and XRP posted modest gains over the past 24 hours. The Crypto Fear & Greed Index climbed to 62, recovering from a neutral reading the previous day. Bitcoin traded around $114,300, up 1%, while Ether rose 2.4% to near $3,660 and XRP gained 2.1% to $2.97. The pickup in crypto sentiment followed a brief pullback that saw Bitcoin dip to $112,000 last weekend. Glassnode data shows profit-taking among Bitcoin short-term holders has cooled, supporting a more stable outlook. Analysts at MN Trading Capital and other traders on social media anticipate a bullish breakout for Bitcoin. Some predict a rise to $125,000 could trigger $18 billion in liquidations. The broader market also saw Solana advance 3.3% and other major tokens move higher. The rebound in crypto sentiment and price action suggests renewed confidence among traders, pointing to potential momentum in the short term.
Bullish
The shift of the Crypto Fear & Greed Index into the ‘Greed’ zone typically signals strong investor confidence, often preceding further price advances. Bitcoin’s 1% increase to around $114,300 and similar gains in Ether and XRP indicate renewed buying pressure. On-chain data from Glassnode shows reduced profit-taking by short-term holders, suggesting hold-and-ride sentiment rather than panic selling. Analysts from MN Trading Capital and social media traders expect a bullish breakout, with targets as high as $125,000 based on historical rallies. Similar sentiment shifts have accompanied strong upward moves in the past, such as the post-election rally in late 2020. The combined rise in major token prices and improved risk appetite points to continued positive momentum in both short-term trading and longer-term market stability.