Market Sentiment Hits 24 on Fear Index, Signals Persistent Bearish Conditions

According to the latest data compiled by Coinglass, the crypto market’s fear and greed gauge has reached 24—a modest 3-point uptick from the previous session. Despite this minor recovery, the reading remains firmly entrenched in extreme fear territory.

The broader sentiment picture tells a cautious story. The 7-day moving average sits at 17, indicating that bearish sentiment has dominated throughout the week. When examining the monthly trend, the 30-day average rests at 21, suggesting that extreme fear has been the prevailing mood across the crypto space for the past month, as reported by MarsBit’s analysis.

This fear index reading underscores how deeply unsettled market participants remain. With the 7-day average trailing significantly behind the current level, today’s uptick appears to be a modest reprieve rather than a fundamental shift in investor psychology. The persistent weakness in sentiment metrics reflects ongoing caution among traders and hodlers alike.