The Crypto Fear & Greed Index, an indicator that tracks market sentiment toward Bitcoin and crypto, has dropped back to October levels amid a Bitcoin slump in the last days of 2024.
The index clocked a score of 65 as per its latest Dec. 30 update, still within greed territory but the lowest it’s been since Oct. 15.
According to CoinGecko, the Bitcoin (BTC) price is around the $93,000 mark, down 13.7% in the last 12 days as traders warn of a “huge dump” amid a flock to stablecoins.
The Crypto Fear & Greed Index has consistently stayed above 70 over November and December, after President-elect Donald Trump won the US presidential election and many pro-crypto politicians won seats in the US Senate and House of Representatives for the 2025-2029 term — peaking at a score of 94 on Nov. 22.
Source: Bitcoin Fear & Greed Index
The Crypto Fear & Greed Index is calculated based on signals that impact traders’ and investors' behavior, including Google Trends, surveys, market momentum, market dominance, social media and market volatility.
Markus Thielen, analyst and head of research at 10x Research said in a Dec. 29 report some analysts have been predicting a “timed parabolic move leading up to the Trump inauguration,” followed by a a significant correction.
Thielen says he has a different perspective and expects “volatility to increase soon.”
Veteran trader Peter Brandt speculated in a Dec. 28 post on X that Bitcoin could be moving to a Hump Slump Bump Dump Pump pattern.
Source: Peter Brandt
The sequence suggests a price movement with n initial rise (hump), followed by a decline (slump), a subsequent recovery (bump), a further drop (dump), then a rebound (pump).
CryptoQuant founder and CEO Ki Young Ju shared Brandt’s post and said he thinks Bitcoin “is in the Hump Slump Bump Dump Pump pattern as well.
Meanwhile, Prem Reginald, a CoinGecko blockchain researcher, said in a Dec. 13 report that Bitcoin is still the top-performing asset of the last decade, outpacing traditional assets by over 26,000%.
Bitcoin has outperformed every other traditional asset over the last decade. Source: CoinGecko
According to Reginald, in 2024, Bitcoin was the best-performing asset with 129% returns. Gold followed with a steady 32.2% year-to-date (YTD) returns, while the S&P 500 had 28.3% returns.
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