Retail investors' sentiment has just moved from ICU to a regular ward, and analysts are already calling for a bull market

Fear and Greed Index: 46
Yesterday: 40
7-day average: 35
30-day average: 25
(Climbing from 25 to 46, recovery faster than $LUNA's zeroing out)

To put it simply:
Last month, you still thought the crypto market was doomed
This month, it's already "neutral"
Another 4 points up and it’s greed
Human memory is shorter than a goldfish’s—seven days

“The Fear and Greed Index has entered the neutral zone, market sentiment is stabilizing.”
“”
From “Extreme Fear” to “Neutral”
Translates to:
Fallen into panic, no longer afraid
Not emotional recovery
But emotional amputation

30 days ago, it was at 25
What was $BTC doing then?
Pretending to be dead.
Now it’s up to 46
$BTC moved a bit
Analysts immediately changed tune: “Pre-bull market structural phase”

Meme in the $SOL ecosystem is still bouncing around
$PEPE is drawing new curves again
$ARB’s DAO hasn’t finished arguing over the funding proposal
The fear index has already crawled out of ICU
It’s not cured
It’s just used to it

$ETH’s Gas fees are honest
Still embarrassingly low
Shows no one is really playing
Neutral sentiment?
Maybe everyone has stopped playing, so it looks neutral

The absurdity of the whole thing is—

The market hasn't risen much, but sentiment has already been pulled back from the brink of collapse to neutral. Retail investors’ emotional management is faster than Trump’s poll rebound.

The real purpose of the Fear and Greed Index: it’s not measuring the market, but measuring retail investors’ memory. Every time it drops to 25 and feels like zero, then rises back to 46 and feels like they can get rich quick—that’s what perpetual contracts are all about.