Crypto Fear and Greed Index: Market Sentiment Remains Locked in Extreme Fear at 24

The latest readings from Coinglass reveal that the fear and greed index for the crypto market has climbed to 24, registering a 3-point increase from the day before. While this uptick signals a slight shift in investor mood, the index remains firmly entrenched in the extreme fear zone.

Looking at the broader sentiment picture, the 30-day average stands at 21, suggesting that elevated fear has persisted throughout the month. The most recent 7-day average comes in at 17, indicating that fear has intensified significantly over the past week—a sharp contrast to the marginal daily recovery.

This divergence between the daily tick-up and the shorter-term downtrend tells an important story about crypto market psychology. Despite yesterday’s modest improvement, the fear and greed index demonstrates that anxiety continues to grip the market over a compressed timeframe. The gap between the 7-day average (17) and current reading (24) hints at a potential stabilization in the past 24 hours, though it’s too early to declare a meaningful reversal in market sentiment.

For traders and investors monitoring the fear and greed index in crypto, these figures underscore an environment where caution still dominates decision-making, even as marginal optimism creeps in.