Fear & Greed Index climbs from extreme fear; Bitcoin $88,995

Fear & Greed Index rises to 29 as Bitcoin hovers near $89K; mixed market sentiment after eight weeks of fear

  • The Fear & Greed Index registered a “fear” score of 29 on Friday, rising out of “extreme fear” to its highest level since Dec. 12.
  • Bitcoin was trading near $88,995 as the index moved higher, still below $90,000.
  • Brian Rose noted that the index has been in fearful territory for eight weeks and said, “Risk/Reward is the best it has ever been.” He added, “That’s even longer than the April 2025 crash.”
  • Santiment described market sentiment as “mixed emotions” and said the market shows signs of recovery amid engagement and community activity (Santiment post).
  • Other measures point to low risk appetite: the Altcoin Season Index logged a “Bitcoin Season” score of 23, while among the top 100 coins Sky (SKY) fell about 9.73% and Story (IP) gained about 53.47% (per CoinMarketCap).

The Fear & Greed Index recorded a reading of 29 on Friday, moving from “extreme fear” to “fear” and reaching its highest level since Dec. 12. Bitcoin traded at $88,995 at the time of the update, remaining under $90,000 as market sentiment shifted. The change follows several weeks of negative sentiment that market participants watch for signals to buy or sell.

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Brian Rose posted on X that the index had been in fearful territory for eight weeks and wrote, “Risk/Reward is the best it has ever been.” He added, “That’s even longer than the April 2025 crash.” Traders often interpret prolonged fear as a potential buying opportunity, while moves toward greed can prompt profit taking.

Santiment said market participants entered 2026 with “mixed emotions” and noted growing engagement from events and giveaways, which it said reflect optimism and resilience (Santiment post). The firm highlighted both losses and gains among holders as the market shows early signs of recovery.

Other indicators point to a risk-off stance. The Altcoin Season Index showed a “Bitcoin Season” score of 23 out of 100. According to CoinMarketCap, among the top 100 cryptocurrencies, Sky (SKY) posted the largest seven-day drop at about 9.73%, while Story (IP) logged the biggest seven-day gain at about 53.47%.

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