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BTC Nears 80K: Fear Index Surges to 46

BTC Nears 80K: Fear Index Surges to 46 WikiBit 2026-04-23 22:13

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

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 indexs rise.

BTC Technical Analysis: RSI 63 and Key Levels

RSI: 63.23 (neutral-bullish). Trend: Uptrend, Supertrend: Bearish. EMA 20: 74,050$.

SupportsLevelScoreDistance
S174.400,51$77/100 ⭐-4,15%
S260.000$64/100 ⭐-22,70%
ResistancesLevelScoreDistance
R179.071,96$82/100 ⭐+1,87%
R283.437,33$59/100+7,49%

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The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

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