The Crypto Fear & Greed Index hit 81 on Sunday — "extreme greed" for the first time since late 2024. A month ago it sat at 36 (fear), a week ago 41 (neutral). That's +45 points in 30 days: the fastest swing between extremes in Coinmarketcap's history, and the only move ever from extreme fear straight to extreme greed.
The trigger was concrete: the U.S. Treasury doubled its long-bond buybacks from
$2B to $4B per operation. The dollar softened, Bitcoin jumped ~24% in a week, and over $4B in shorts got liquidated. Bitcoin and Ethereum ETFs together pulled in roughly $2.3B.In February, traders were writing obituaries. In July, they're counting profits. The market, as always, didn't send a calendar invite.
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