The widely used Crypto Fear & Greed Index rose by eight points, reaching a value of 28, officially shifting market sentiment from the "extreme fear" zone to the "fear" zone. This data was published by provider Alternative on April 9, 2025, reflecting changes in public and market signals over the past 24 hours. For traders and investors, such a shift signals the need for close observation but does not imply an immediate market reversal.
What Is the Crypto Fear & Greed Index?
The index serves as a quantitative barometer of sentiment in the crypto market, translating complex market indicators into a single numerical value ranging from 0 to 100. Low values indicate fear and possible panic among participants, while high values reflect greed and increased speculative risk. For a quick introduction to the index’s principles and values, see the article on the Fear and Greed Index, which explains how different ranges are interpreted.
Recent Changes in the Index
The recent jump of the index by eight points to 28 formally moved the market out of the "extreme fear" zone into the more moderate "fear" zone. This change essentially indicates a decline in intense panic, although overall sentiment remains negative. For market participants, this means risk appetite has slightly eased, but full confidence recovery has yet to be seen.
How Is the Index Calculated?
The index is not a simple survey: it is built on a weighted model that combines data from six different sources to minimize bias and reflect actual market behavior. This approach helps make the final score more resilient to uniform noise and random events.
- volatility
- trading volumes
- social media activity
- participant surveys
- dominance (Bitcoin influence)
- search trends
Each of these components is assigned a weight in the overall model, resulting in a daily score from 0 to 100.
Historical Context and Comparative Analysis
To understand the significance of 28, it’s helpful to recall past extremes: the index dropped to some of its lowest values during major market shocks and rose to very high levels during euphoric periods. The shift from "extreme fear" to "fear" is seen as an initial sign of panic subsiding, but it does not guarantee a sustained reversal. For comparison of situations during severe market downturns, see the note on periods of extreme fear.
Impact of the Index on the Cryptocurrency Market
Sentiment changes usually correlate with on-chain metrics: when exiting "extreme fear," the flow of coins to exchanges may decrease and the share of accumulator addresses may increase. Additionally, the options market behavior and capital distribution between Bitcoin and altcoins are influenced by index changes. However, the index itself does not provide trading signals — it reflects collective sentiment as part of the overall picture.
Why It Matters
For miners, any easing of market panic means potentially more predictable price volatility and a slightly lower chance of sharp sell-offs that could affect liquidity and asset valuation. Even with slight sentiment improvement, risks to equipment profitability remain, but short-term uncertainty may decrease somewhat. Therefore, monitoring the index is important as one of the signals complementing price data, electricity tariffs, and equipment utilization.
What to Do?
Below are simple and practical recommendations for miners with 1–1000 devices in Russia to act rationally given the current index level.
- Monitor the index daily and avoid making decisions based on a single day’s sentiment change.
- Check tariffs and mining profitability calculations: with persistent fear, use more conservative payback estimates.
- Maintain reserves to cover expenses during volatility and avoid forced cryptocurrency sales.
- Update firmware and monitor equipment efficiency to reduce operating costs.
- Don’t forget diversification — spread risks across equipment and coin storage strategies.
The index is a useful indicator of the market’s emotional background but should be used alongside technical and fundamental analysis, considering your local operating conditions and costs.