Based on Coinotag, the Bitcoin Fear and Greed Index has climbed to 51, shifting from fear to neutral sentiment. This follows a 22-point increase from last week’s 29, with Bitcoin stabilizing above $115,000 amid a 31.1% rise in spot volume. Bitcoin’s dominance has also increased by 0.12% to over 55%, supported by $75 billion in trading volume and a 2.76% market cap growth. Analysts suggest the decline in on-exchange selling pressure and flattening of the Cumulative Volume Delta indicate a potential accumulation phase.
Bitcoin Fear and Greed Index Rises to Neutral as BTC Dominance Hits 55%
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