Despite Bitcoin trading under $90,000, a popular crypto market sentiment indicator has shifted from “extreme fear” to a score of 29, the highest in 21 days. This positive sentiment could indicate potential gains for the market.

Crypto entrepreneur Brian Rose noted that the risk-reward ratio for crypto is currently at its best level, with the Fear & Greed Index in fearful territory for eight weeks. Traders often use sentiment indicators to make decisions on buying or selling crypto assets.

Crypto analytics platform Santiment observed mixed emotions among market participants as they head into 2026, with some celebrating gains while others mourn losses. Despite recent challenges, the market is showing signs of recovery and optimism among holders.

Other indicators suggest a low risk appetite among investors, with the CoinMarketCap Altcoin Season Index showing a “Bitcoin Season” score of 23 out of 100. The index shifts between “Bitcoin Season” and “Altcoin Season” based on the performance of the top 100 altcoins relative to Bitcoin.

Among the top 100 cryptocurrencies, Sky (SKY) saw the largest drop in the past week with a 9.73% decline, while Story (IP) recorded the biggest gain with a 53.47% increase. This data reflects the ongoing market trends and performance of different digital assets.

Read more at CoinTelegraph: Crypto Sentiment Moves Out Of ‘Extreme Fear’ But Uncertainty Stays