The Crypto Fear & Greed Index showed a “Fear” score of 28 on Saturday, a shift from the previous “Extreme Fear” level. Analysts noted that extreme fear readings often signal market bottoms, potentially indicating a positive sentiment shift.

Other indicators, such as social media sentiment, have shown a more bullish outlook for Bitcoin as it climbed back to nearly $92,000. However, discussions still revolve around price volatility and institutional activity, suggesting a lingering risk-off sentiment in the crypto market.

CoinMarketCap’s Altcoin Season Index currently indicates a “Bitcoin Season” sentiment, with participants remaining cautious. Bitwise Europe’s head of research highlighted a potential misalignment in Bitcoin’s price due to misinterpretations of the macroeconomic landscape, raising concerns of an upcoming recession.

Read more at Cointelegraph: Crypto Sentiment Exits ‘Extreme Fear’ Levels After 18 Days