With Bitcoin rising 6% and approaching 80,000 dollars, the Alternative.me Crypto Fear and Greed Index rose to 46 on Wednesday, reaching its highest level in over three months. The index recorded its largest daily gain by increasing 14 points, but remained in the “Fear” zone. There was a sharp recovery from the historic low of 5 recorded in February due to the Trump administration’s 15% global tariff implementation. The index had been in the Fear zone since January 18; despite this, institutional crypto adoption on Wall Street and a crypto-friendly regulatory agenda in Washington continued. The index mainly includes metrics like retail-focused social media shares and Google search volumes.
Change in the Crypto Fear & Greed Index score over various time intervals. Source: Alternative.meWhy Did the Bitcoin Fear and Greed Index Rise to 46?
The index was triggered by the BTC rally. Increasing optimism among retail investors on social media and rising search volumes are the main factors. Institutional inflows are supporting the index; more data is available on our BTC detailed analysis pages.
BTC Price Rose to 79,400$ Then Declined
Bitcoin rose 5.9% in 20 hours on Wednesday, approaching 79,400 dollars, but fell back to 77,920 dollars according to CoinGecko data. Current price: 77,576.20$. 24-hour change: -%0.88. CryptoQuant researcher Julio Moreno stated that the rally stemmed from demand in the futures market; spot demand is slowly contracting and carries correction risk due to profit-taking. BTC futures volume is critical.
Long-Term BTC Holders Accumulated 300,000+
In the last 30 days, more than 300,000 Bitcoins were transferred to long-term holders’ wallets, while short-term holders sold. CryptoQuant emphasized that Bitcoin supply has moved to stronger hands; Strategy alone accumulated 53,000 Bitcoins. The rise occurred despite uncertainties in the Middle East.
Bitcoin ETFs Saw 335 Million Dollars in Net Inflows
According to April 22, 2026 data, Bitcoin ETFs saw 335.8 million dollars in net inflows. Ethereum ETFs followed with 96.4 million dollars in inflows. These flows show that institutional demand is driving the rally and reinforcing the index’s rise.
BTC Technical Analysis: RSI 63 and Key Levels
RSI: 63.23 (neutral-bullish). Trend: Uptrend, Supertrend: Bearish. EMA 20: 74,050$.
| Supports | Level | Score | Distance |
|---|---|---|---|
| S1 | 74.400,51$ | 77/100 ⭐ | -4,15% |
| S2 | 60.000$ | 64/100 ⭐ | -22,70% |
| Resistances | Level | Score | Distance |
|---|---|---|---|
| R1 | 79.071,96$ | 82/100 ⭐ | +1,87% |
| R2 | 83.437,33$ | 59/100 | +7,49% |
R1 is strong resistance; if broken, 80K can be targeted.
Source: https://en.coinotag.com/btc-nears-80k-fear-index-surges-to-46
