The need for greed 🤑

Crypto sentiment trackers surged towards greed in the wake of Bitcoin's double-digit weekly run.

Author

Stephen Graves
August 26, 2026

đź“ť What you need to know

CoinMarketCap’s Crypto Fear and Greed Index hit “extreme greed” for the first time since late 2024 Tuesday, rocketing up from last week’s neutral position. Other trackers were more conservative, but still placed the market in “greed” mode, as traders’ sentiment turned frothy amid a Bitcoin run that’s seen the cryptocurrency surge by more than 20% in a week.

Bitcoin futures traders, meanwhile, have largely abandoned crypto as collateral, with the share of Bitcoin open interest backed by BTC rather than stablecoins sitting at 12%, down from near 100% in 2019 and 2020. That reflects a maturing derivatives market, with dollar collateral steadily displacing crypto as the backing for leveraged bets.

Crypto Market Flips From Fear to 'Extreme Greed' for First Time Since 2024

The Crypto Fear and Greed Index has hit "extreme greed," the highest reading since the 2024 market cycle top.

Bitcoin · BTCAugust 26, 2026
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