The Crypto Fear & Greed Index rose to a value of 29, as recorded by data provider Alternative. This increase was accompanied by the index recently moving from the "Extreme Fear" category to "Fear," indicating a reduction in panic among market participants. A value of 29 does not signal market optimism but points to a shift toward a less emotional reaction.
What Is the Crypto Fear & Greed Index?
The index serves as an indicator of collective sentiment in the cryptocurrency market and is expressed as a number from 0 to 100. On the scale, 0 corresponds to "Extreme Fear," and 100 to "Extreme Greed," meaning the index reflects how dominant fear or greed is in market participants' behavior. An important feature is that the index is not based on a single metric but combines data from multiple sources for a more comprehensive view.
Data Sources Used to Calculate the Index
- Volatility
- Trading volume
- Social media sentiment
- Surveys
- Bitcoin dominance
- Google Trends data
Recent Changes in the Index
This set of indicators led the index to reach the level of 29, noted on April 10, 2025, by provider Alternative. Specifically, this continues the upward trend after exiting the "Extreme Fear" zone—meaning the market left a phase of deep panic and moved into a more moderate state. For comparison and context, see the previously recorded rise to 28, which reflected similar sentiment dynamics.
Market Sentiment Analysis
The index's shift from very pessimistic values into the "Fear" zone is often viewed as a transitional phase between capitulation and the beginning of accumulation. Dr. Lena Vance from the Digital Asset Research Institute emphasizes that the index is valuable because it quantitatively captures herd behavior among participants—a small change in the indicator can reflect a significant shift in psychology. For historical context and comparison with related levels, see the materials on level 25, where similar sentiment shifts were discussed.
Impact of Volatility and Trading Volume
Two key components of the index—volatility and trading volume—showed directed improvement, fueling the index's rise. Over the past two weeks, Bitcoin's 30-day volatility decreased by approximately 15%, indicating reduced sharp price fluctuations and gradual market stabilization. Simultaneously, aggregated spot trading volume on major platforms such as Binance, Coinbase, and Kraken increased by about 8%, also contributing to the higher index value.
How to Use the Index for Trading
The index is useful as a gauge of market "mood" but is not a direct price forecast. In practice, it is used as a contrarian signal: sustained levels in the fear zone may indicate opportunities for phased entry, while prolonged greed periods often precede market peaks. An important point is to combine the index data with other metrics and personal risk management strategies.
Why It Matters
If you mine cryptocurrency in Russia, changes in the index do not directly affect the physical operation of equipment or electricity tariffs, but they reflect demand and participants' readiness to buy or sell. The easing of panic (transition to "Fear") can mean a calmer market where sales occur selectively rather than en masse, indirectly influencing prices and liquidity. Therefore, the index is useful as a sentiment marker that helps assess whether to accelerate selling mined coins or hold reserves.
What to Do?
- Monitor the index and key components (volatility and volume): this provides a quick signal of sentiment shifts.
- If planning to sell mined coins, consider phased selling (dollar-cost averaging) instead of one-time liquidation.
- Maintain a backup strategy for electricity payments and equipment maintenance—risk factors are independent of the index, but its changes affect mining profitability.
- Use the index alongside on-chain data and your own price thresholds to make balanced decisions rather than relying solely on market emotions.
The index has shown a shift in sentiment and provides a quantitative signal of reduced panic; however, the path from "fear" to "greed" is rarely straightforward. Maintain discipline in position management and consider the index as one tool among a broader set of metrics.