The Crypto Fear and Greed Index has climbed to 47, marking the first neutral reading for Bitcoin (BTC) traders since January.

Sentiment Gauge Exits Fear Zone

The index blends volatility, trading volume, market cap dominance, social media activity, and Google Trends data.

Readings below 47 signal fear, while values above 53 reflect greed. Anything in between counts as neutral.

Since late January, the gauge had been stuck in the extreme fear zone, where readings sit at 25 or lower. That period coincided with the bearish drift that began in Q4 2025.

Coinglass data, separately cited by WEEX, put the index at 48, up 16 points in a single day.

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Analysts Weigh Recovery Odds

NewsBTC analyst Keshav Verma noted the current bounce arrived after an extended stretch in extreme fear, the zone where major bottoms have historically formed. He added that January's relief rally fizzled within weeks, leaving the durability of this move uncertain.

Spot Bitcoin ETFs have absorbed more than $2.4 billion this month, the strongest run since October 2025.

Bitcoin trades near $76,791, up roughly 3% on the week and about 14% over the past month. The asset has yet to reclaim $80,000 amid stalled US-Iran talks and broader profit-taking. Sentiment has tracked that grind, swinging between fear and extreme fear since February before this week's break higher.

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