Bitcoin sentiment hits extreme greed as market cools

The sentiment reading, which integrates Fear & Greed data alongside broader market metrics, serves as a barometer for shifts in investor psychology. Darkfost noted that such extreme peaks often appear during market turning points, though he cautioned that the data does not signal an immediate reversal. For context, the separate Alternative.me Fear & Greed Index currently sits at 63, reflecting a more moderate 'greed' sentiment compared to the peak observed in the CryptoQuant-tracked measure.

Price action remains under pressure, with Bitcoin trading between $76,400 and $79,600 over the last 24 hours. This sideways movement coincides with a cooling in institutional demand, as U.S. spot Bitcoin ETFs recorded $462.7 million in net outflows between September 8 and 11. ARK 21Shares’ ARKB saw the heaviest weekly withdrawals at $234.2 million, while BlackRock’s IBIT shed $52.5 million. These figures reflect net subscriptions and redemptions rather than direct asset sales, yet they underscore a shift in capital flow as investors await the Federal Reserve’s policy meeting scheduled for September 15–16. With August inflation data holding steady at 3.4% annually, market participants remain focused on how upcoming monetary policy decisions might influence further price discovery.