Bitcoin Exits "Fear" Zone as Market Sentiment Gradually Recovers
After more than two weeks mired in anxiety, the Crypto Fear & Greed Index officially exited the "fear" zone on October 27, returning to a neutral reading (51/100) as Bitcoin's price recovered to around $115,000. According to data from Alternative.me, the index climbed 11 points from the prior day's reading of 40 and more than 20 points week-over-week, reflecting a clear shift in investor sentiment. Earlier, following former President Donald Trump's announcement of new tariffs on China on October 10, the market had suffered
After more than two weeks mired in anxiety, the Crypto Fear & Greed Index officially exited the "fear" zone on October 27, returning to a neutral reading (51/100) as Bitcoin's price recovered to around $115,000.
According to data from Alternative.me, the index climbed 11 points from the prior day's reading of 40 and more than 20 points week-over-week, reflecting a clear shift in investor sentiment. Earlier, following former President Donald Trump's announcement of new tariffs on China on October 10, the market suffered a sharp selloff that dragged the index down to its yearly low of 24 points, while $19 billion in leveraged positions were liquidated.
Data from Glassnode shows selling pressure is easing, signaling a potential trend reversal. "For the first time since the October 10 selloff, spot and futures CVD have stabilized, indicating that aggressive selling has cooled," Glassnode noted.
The platform also observed that the funding rate remains below the neutral threshold of 0.01%, suggesting the market is neither overbought nor overly euphoric — on the contrary, investors are proceeding with caution.
Meanwhile, analysts are turning their attention to the Federal Reserve meeting on October 29. According to the CME FedWatch tool, there is a 96.7% probability that the Fed will cut interest rates by another 25 basis points — a factor that could provide additional momentum for the crypto market in the near term.
The combination of improved sentiment, easing selling pressure, and expectations of looser monetary policy is helping Bitcoin win back investor confidence after the severe volatility that rocked markets in early October.