The Crypto Fear & Greed Index has finally transitioned out of the “fear” territory, reaching a neutral status for the first time since the market crash in mid-October, which was triggered by tariffs imposed by Trump on China.

As Bitcoin’s price soared back to approximately $115,000 over the weekend, the Index rose to a score of 51 out of 100, up from a fearful 40 just the day before. This represents an increase of over 20 points within a week, indicating a significant sentiment shift in recent days.

The current Crypto Fear and Greed score. Source: Alternative.me

Trump’s tariffs on October 10 had pushed the index down sharply from a greed level of 71 to a yearly low of 24, resulting in the liquidation of $19 billion in crypto leveraged positions.

“Aggressive” BTC Selling Pressure Decreases

The improvement in sentiment coincides with a drop in Bitcoin selling pressure, as noted by the Bitcoin analytics platform Glassnode.

In a post on social media, Glassnode suggested a potential reversal of this trend, stating that selling pressure and negative sentiment seem to 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 past several days.”

The market is also bracing for a possible interest rate cut by the US Federal Reserve in their upcoming meeting on October 29, with data showing a 96.7% chance of a quarter-percentage-point reduction this week.

Related: Bitcoin is no inflation hedge but thrives when the dollar wobbles: NYDIG

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