Bitcoin indicators flash ‘greed and FOMO’ as ETF inflows top $300M

Key Bitcoin sentiment indicators have quickly flipped into “greed” territory amid a sharp uptick in the crypto market and strengthening Bitcoin ETF inflows.

Bitcoin sentiment swings

• Bitcoin sentiment has moved from “extreme fear” to “greed” and “FOMO” in just a matter of days.
• Investors are advised to be cautious with the sudden bullish reversal.

Much of the optimism in the market is attributed to the potential election victory of Donald Trump and his crypto-friendly running mate JD Vance in November.

The Bitcoin sentiment tracker Crypto Fear & Greed Index has shifted from “extreme fear” to “greed” amid a market rally. Bitcoin has surged by 12.8% over the last week and is currently priced at $64,508.

Bitcoin ETF inflows surge

• Bitcoin exchange-traded funds (ETFs) are showing strength, with a total of $300.9 million in net inflows on July 15.
• BlackRock and Ark 21 Shares funds led with $117.2 million each in inflows on the day.

Bitcoin’s price rebounded from a low of $53,500 on July 5, attributed to German government-linked BTC sales and concerns over bitcoins being paid back to Mt. Gox creditors. After reclaiming key territory above $62,000, analysts suggest the worst might be behind us.