Bitcoin, Ethereum Traders Show Optimism Despite 'Extreme Fear' in Crypto

Crypto traders person go much optimistic astir the near-term terms movements successful Bitcoin and Ethereum, prediction marketplace information shows—but wide marketplace sentiment is inactive successful the gutter. 

Odds connected Myriad’s prediction market—which is operated by Decrypt's genitor company, Dastan—have swung much than 20% successful the past fewer days successful favour of a “pump” to $84,000 for Bitcoin earlier it dumps down to $55,000.

That determination coincides with the apical crypto asset's important rebound from beneath $63,000 connected Tuesday to much than $69,000 connected Wednesday. The terms of Bitcoin presently sits astatine $67,137, arsenic of this writing.

However, participants inactive constituent to a driblet to $55,000 earlier a jump, giving the plunge astir 56% likelihood arsenic of this writing.

The aforesaid is existent for Ethereum, which jumped from astir $1,815 earlier this week to implicit $2,100 connected Wednesday—more than a 15% gain. The determination swung the corresponding Myriad pump and dump market astir the aforesaid magnitude successful favour of a determination to $3,000, slimming likelihood of a “dump” to astir 62.5%. Ethereum presently sits astatine $2,023.

Yet, amid terms rebounds and shifting prediction marketplace sentiment, the Crypto Fear & Greed Index—which analyzes emotion and sentiment successful the crypto market—still sits successful “Extreme Fear.”

The index, which uses information points from societal media, crypto volatility, and marketplace momentum, has been stuck astatine that level for astir each of February arsenic prices began their accelerated diminution astatine the opening of the month. 

The bubbling disconnect betwixt prediction marketplace traders and marketplace sentiment is evident connected different prediction marketplace platforms arsenic well. 

Predictors connected Kalshi present springiness Bitcoin conscionable a 66% chance of dropping beneath $55,000 this year—a 10% driblet successful the past week. Similarly, odds of a much sizeable autumn for Ethereum—a driblet beneath $1,500—fell 10% arsenic well, present sitting astatine conscionable 63% connected Kalshi. 

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However, portion trader sentiment has swung with the prices successful the past fewer days, caller adept investigation has inactive warned of much symptom up of perchance bigger gains.

For example, CryptoQuant investigation points to a real bear-market bottommost for Bitcoin astir $55,000, and Standard Chartered says ETH volition deed $1,400 and BTC volition driblet to $50,000 earlier the assets statesman their true, respective rebounds. 

How precocious mightiness those rebounds be? While predictors person go somewhat much bullish successful caller days, they inactive don’t person caller all-time highs successful sight. On Polymarket, predictors springiness some Bitcoin and Ethereum conscionable a 19% accidental of reaching a precocious people by the extremity of 2026. 

Bitcoin and Ethereum were precocious trading astir 47% and 59% disconnected their 2025 all-time highs, respectively.