The current market sentiment is bullish (Fear and Greed Index: 65/100). Key points:



Fear and Greed Index – A score of 65 indicates "Greed"; it rises by 1 point over 24 hours, but falls from 67 last week, showing sustained optimism with a slight recent moderation.



Social sentiment – A net score of 5.09/10 reflects a moderately bullish conversation, with strong narratives around XRP, ZEC, and BTC’s recovery of key levels.

 

Activity in derivatives – Total open interest rose 2.75% to $482.78B, and the average funding rate increased 40.74%, indicating high speculative leverage and conviction behind the price move.