Crypto market sentiment is cautiously bullish today, but traders are not acting like the rally is guaranteed.

The Crypto Fear & Greed Index is sitting at 70, or “Greed,” showing that buyers still have the upper hand despite Bitcoin pulling back. bitcoin:native is trading around $77,000–$78,000, down roughly 2% over 24 hours after failing to hold the $80,000 level.
What makes today interesting is the split between price action and capital flows. US spot Bitcoin ETFs recorded about $216.7 million in net inflows, while Ethereum ETFs attracted roughly $87.6 million. That suggests institutional demand has not disappeared even as prices cool.
The bigger problem is macro risk. Renewed US-Iran tensions have pushed oil toward $95 a barrel, while the US 10-year Treasury yield has climbed to around 4.81%. Markets are now pricing a higher chance of a Fed rate hike, making risk assets less comfortable.
So, today’s mood is greedy but nervous. Traders still want upside, but rising yields, geopolitical risk, and BTC’s rejection below $80K are keeping them cautious.