The CoinMarketCap Crypto Fear and Greed Index reached 81 on Sunday night, pushing the market into “extreme greed” for the first time since late 2024, according to Decrypt.
The index had stood at 36 one month earlier, in “fear,” and at 41 a week earlier, in “neutral.” In 30 days, it rose 45 points and almost erased the caution that had built up through the first half of 2026. CoinMarketCap said this was the fastest sentiment swing of the year, and the only time its tracker has moved directly from “extreme fear” to “extreme greed.”
Alternative.me, which has tracked the market for longer, still places sentiment in the “greed” range, about 6% below “extreme greed.” The readings differ, but both point in the same direction.
The shift came alongside Bitcoin’s move. The token rose about 24% in a week, outpacing the broader crypto market, while its share of total market value kept climbing.
According to the report, the rally started after the U.S. Treasury said last Wednesday it would double long-term bond buybacks from $2 billion to $4 billion per operation. The move weakened the dollar and led some investors to view Bitcoin as an inflation hedge.
Once Bitcoin broke above $70,000, short sellers were forced to cover. More than $4 billion in crypto shorts were liquidated over the next two to three days.