The Crypto Fear & Greed Index has finally moved out of the “fear” category, achieving a neutral score for the first time in over two weeks, as Bitcoin prices have jumped back to approximately $115,000 over the weekend.

Currently, the index, which gauges market sentiment, stands in the neutral range with a score of 51 out of 100. This represents a significant increase of 11 points from Saturday’s fearful score of 40, and it has risen over 20 points compared to last week, signaling a positive turnaround for the market.

Current Crypto Fear and Greed score. Source: Alternative.me

On October 10, Trump’s announcement regarding tariffs on China had slashed the index from a greed score of 71 to a yearly low of 24, leading to the liquidation of $19 billion in crypto leveraged positions.

“Decreasing BTC Selling Pressure”

As BTC selling pressure decreases, this shift in market sentiment has been noted by Bitcoin analytics platform Glassnode. In a post on their X account, they suggested that the selling pressure may have peaked.

“For the first time since the October 10th flush, spot and futures CVD [Cumulative Volume Delta] have flattened, indicating that aggressive selling pressure has subsided over the last several days.”

Additionally, they pointed out:

“Funding rates remain below the neutral level of 0.01%, indicating no excessive long positioning or froth. In fact, we can see that funding flipped very negative several times over the past two weeks showing that participants lean towards caution.”

Looking ahead, the market appears to be anticipating a potential interest rate cut from the US Federal Reserve during its meeting on October 29. Current data from CME Group’s FedWatch tool indicates a 96.7% chance of a quarter-point rate reduction this week.