Bitcoin Escapes Fear as Market Regains Footing Near $115K

Crypto sentiment steadies as the Fear & Greed Index turns neutral, signaling that the worst of October’s selling may be over.

Bitcoin sentiment has finally climbed out of fear. The Crypto Fear & Greed Index rose to 51, marking a neutral reading for the first time in more than two weeks as BTC traded around $115,000 over the weekend. The improvement reflects cooling sell pressure and cautious optimism ahead of the Federal Reserve’s Oct. 29 meeting, where traders are betting on a rate cut.

After a stretch of heavy liquidations and gloom, Bitcoin is showing early signs of recovery. The index rose 11 points overnight and more than 20 since last week, signaling a swift change in tone. Earlier this month, President Trump’s Oct. 10 U.S.–China tariff announcement sent markets reeling, dropping the index from a greed score of 71 to a year-low of 24. That panic wiped out roughly $19 billion in leveraged positions, forcing traders to reset.

According to analytics platform Glassnode, for the first time since the early-October flush, both spot and futures Cumulative Volume Delta (CVD) have flattened, a sign that sellers may finally be exhausted. Funding rates across major exchanges remain below 0.01%, even dipping negative several times in recent sessions. The shift suggests that market participants remain cautious but are no longer positioned for another cascade of forced selling.

Macro conditions may be helping too. Data from CME Group’s FedWatch Tool shows a 96.7% probability of a quarter-point rate cut at this week’s Fed meeting. A rate cut would ease liquidity constraints and could encourage renewed inflows into risk assets — crypto included. Historically, Fed easing has coincided with rising open interest and spot demand for Bitcoin.

For now, the market’s mood feels calm rather than euphoric. Flat CVDs and subdued funding rates point to a fragile equilibrium that could either consolidate or build into a sustained recovery. If the Fed delivers the expected cut, Bitcoin’s ability to hold above $115K will test whether sentiment’s return has real conviction behind it.

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