Crypto Greed Index Stays Elevated for 9 Days — What it Signals Next?

The crypto market continues to flash bullish signals, with the CMC Fear & Greed Index holding at 67 despite a minor pullback from yesterday.

While greed has persisted for over a week, recent shifts in capital flow and derivatives activity suggest the market may be entering a more volatile phase.

Greed stays elevated, but caution warranted

Market sentiment remains in the “Greed” zone for the ninth straight day, down just one point from the previous session. That said, the index has climbed 24 points over the past month, reflecting growing investor optimism. Historically, sustained greed often precedes short-term corrections, but the backdrop of a 24.3% market cap increase over 30 days points to structural strength beneath the surface.

Altcoin momentum builds as Bitcoin dominance slips

Capital rotation out of Bitcoin and into altcoins is picking up speed. Bitcoin’s dominance dropped 4.18% over the past week, falling to 59.58%, while Ethereum’s share climbed to 11.69%. The Altcoin Season Index surged 229% month-over-month to 56/100, signaling a transitional phase toward a broader altcoin rally. While not yet a full-fledged altseason, the data suggests growing risk appetite among traders.

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Derivatives spike points to leverage pressure

Perpetual open interest soared 12% in the past 24 hours, reaching $847 billion. Meanwhile, funding rates jumped to 0.0143—up 457% in a month—indicating an aggressive tilt toward long positions. Bitcoin liquidations also spiked to $49.6 million in 24 hours, up 230% from the prior day, underscoring the risk of volatility in an overheated derivatives market.

While underlying sentiment remains bullish, the combination of high leverage and elevated funding rates means markets could be vulnerable to a squeeze. Traders should watch for signs of a cooling phase or continued capital migration into altcoins.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.