Bitcoin Fear & Greed Index At COVID- And | Crypto News
The price of Bitcoin put in another fascinating efficiency over the past week, as the global uncertainty continued in the broader financial markets. However, the $74,000 resistance degree proved to be unyielding yet again, as the premier cryptocurrency made a recent play for it as the weekend approached.
The investor sentiment in the Bitcoin market appears to be worsening with time, while the bullish momentum seems to be waning after the latest rejection. In fact, latest on-chain data reveals that the sentiment is at a low not seen in almost 4 years.
BTC Fear & Greed Index Falls To 10% For First Time Since 2022
In a March 13 post on the X platform, crypto analyst Axel Adler Jr revealed that the Bitcoin Fear and Greed Index has continued its descent over the past few weeks. The Fear and Greed Index is an on-chain indicator that measures sentiment in the crypto market and displays some side of investor habits.
Typically, the index ranges from 0 to 100 (often in share), with greater values often signaling excessive greed and overheating market situations. Meanwhile, a decrease worth of the Bitcoin Fear & Greed Index suggests excessive concern and skepticism among buyers.
According to CryptoQuant’s data shared by Adler Jr, the 30-day average Fear and Greed Index has fallen to 10%, a degree of pessimism seen during the market-wide crash introduced about by the COVID-19 pandemic and the Terra (LUNA) ecosystem collapse. As noticed in the chart below, the metric has been on a downturn since reaching a peak above the seventy fifth percentile in late 2025.
Adler Jr. wrote on X:
Sentiment is now deeply compressed. For market construction to stabilize, Bitcoin probably wants to reclaim greater price ranges.
While an upturn in price efficiency is likely to be crucial in bettering the market sentiment, the current degree of the Fear and Greed Index may present insight into Bitcoin’s near-term trajectory. From a historic perspective, the premier cryptocurrency has often shown the tendency to bounce back when the market sentiment is at its lowest.
During the COVID-19 crash, the Bitcoin price rebounded from around $5,000 to a new all-time high after the Fear and Greed Index fell to around 10%. In 2022, though, the price of BTC didn’t attain a backside until after the collapse of the FTX exchange (a few months after the index reached the ten% degree).
In essence, the Fear and Greed Index being this low may indicate that the market chief has either reached or is close to its backside.
Bitcoin Price At A Glance
As of this writing, the price of BTC stands at around $71,262, reflecting an over 1% leap in the past 24 hours.
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