Bitcoin finally escapes ‘fear’ as confidence tiptoes back into crypto

The Bitcoin Fear & Greed Index moved into the 'neutral' zone with a score of 51, marking the first time it has escaped 'fear' since the market crash on October 10, which was triggered by Trump's China tariff announcement. That event had previously plunged the index to a yearly low of 24. This shift in sentiment coincides with a decline in aggressive Bitcoin selling pressure, as indicated by Glassnode's analysis of spot and futures Cumulative Volume Delta (CVD) flattening. Furthermore, funding rates remain below neutral, suggesting caution but no excessive long positioning. The market is also anticipating a potential 0.25% interest rate cut by the US Federal Reserve at its upcoming October 29 meeting, which could further bolster confidence.

(Source：Cointelegraph)