2 hours ago
Bitcoin (BTC) terms metrics are showing alleviation this month, but the hazard of repeating the 2022 carnivore marketplace remains.
Key points:
Bitcoin’s Bull Score Index combined terms metric reaches its highest levels since October past year.
The alleviation whitethorn beryllium short-lived, investigation warns, pointing to the 2022 carnivore market.
Crypto sentiment reaches its astir bullish since January, per the Crypto Fear & Greed Index.
Bitcoin Bull Score Index ditches “bearish” zone
New information from onchain analytics level CryptoQuant spot the spotlight connected the Bitcoin Bull Score Index (BSI).
Bitcoin has yet entered “neutral” territory with its propulsion to $78,000, the latest BSI information confirms, with the Index climbing to its highest since October 2025.
BSI incorporates 9 terms metrics to springiness an wide content of performance. Since the carnivore marketplace began, it has been sharply bearish — just arsenic successful the aboriginal stages of the erstwhile carnivore marketplace 4 years ago.
“First clip successful this carnivore marketplace that the Bull Score Index enters neutral portion (50),” CryptoQuant contributor Julio Moreno noted successful an X post connected Wednesday.
Bitcoin Bull Score Index. Source: CryptoQuant
Moreno cautioned that contempt the unit being disconnected for now, BSI besides had a little cooling-off play earlier the 2022 carnivore marketplace continued.
“In March 2022, the Bull Score entered neutral territory for astir a week, and past the terms resumed its decline,” helium added.
Should past repeat, attraction volition beryllium connected the Index’s show into the April monthly close, arsenic BTC/USD attempts to break retired of a multi-month range.
Examining BSI readings past week, with terms astir $74,000, CryptoQuant contributor Arab Chain described a “balance betwixt proviso and request forces.”
“On the different hand, the existent BSI speechmaking shows that the marketplace is inactive acold from the country of beardown optimism (above 60), which typically indicates beardown bullish conditions, portion besides remaining supra the portion of utmost pessimism (clearly beneath 40),” they wrote successful a “QuickTake” blog post.
“This places the marketplace successful a transitional phase, arsenic investors await caller catalysts to find the adjacent direction.”Sentiment edges to astir bullish since January
Other signs of a broader marketplace betterment travel from crypto trader sentiment.
Related: BTC terms owed caller highs: Five things to cognize successful Bitcoin this week
🚨 UPDATE: Crypto Fear & Greed Index sits astatine 32 (Fear) today, a notable betterment from Extreme Fear astatine 23 past week. pic.twitter.com/lmjfjh0Ui3
— Cointelegraph (@Cointelegraph) April 22, 2026According to the Crypto Fear & Greed Index, a classical lagging indicator that uses a handbasket of factors to bespeak the temper among investors, conditions are astatine their slightest antagonistic since mid-January.
Fear & Greed measured 32/100 connected Wednesday — still wrong its “fear” portion portion similar BSI besides approaching the “neutral” bracket.
The Index worth has astir tripled successful a small implicit a week.
Crypto Fear & Greed Index (screenshot). Source: Alternative.meThis nonfiction is produced successful accordance with Cointelegraph's Editorial Policy and is intended for informational purposes only. It does not represent concern proposal oregon recommendations. All investments and trades transportation risk; readers are encouraged to behaviour autarkic probe earlier making immoderate decisions. Cointelegraph makes nary guarantees regarding the accuracy oregon completeness of the accusation presented, including forward-looking statements, and volition not beryllium liable for immoderate nonaccomplishment oregon harm arising from reliance connected this content.
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