Bitcoin eyes ‘Uptober’ rally despite extreme fear levels

The Crypto Fear and greedy index has fallen to its lowest level since March, raising new concerns about investor confidence even as Bitcoin and Ethereum attempt to recover.

Data shared by crypto analyst Ja Maarturn on September 29 showed feelings that dropped from 40 to 28 neutral levels in August to extreme fear levels.

Bitcoin Fear Index
Cryptoquant Greed and Fear Index (Source: Cryptoquant)

Meanwhile, the sharp degradation of emotions coincided with a massive sale of key assets. Bitcoin and Ethereum deepened their sense of uncertainty last week, falling below the key psychological levels of $110,000 and $4,000.

However, the retreat proved to be short-lived. As of press time, Bitcoin prices had recovered $114,000 and Ethereum was trading above $4,100, suggesting that panic sales have replaced a more balanced market.

Market bottom?

The asset manager argued for Bitiwise that fear-based background could represent a base stage.

It stated:

“I reached sentiment twice last week. The extreme fear level is on a daytime basis, but Bitcoin has shown relative resilience, holding around 108K, a level that also coincides with the cost base of short-term holders.

The company also noted that despite last week’s turbulence, Bitcoin still rose nearly 3.7% in September. This is noteworthy given that September is the weakest month for historically top codes.

In contrast, the final quarter often brings great profits, with November being repeatedly ranked as Bitcoin’s most profitable month.

According to Bitwise, this historic pattern makes today’s weakness look more like an opportunity than a warning sign.

Data from GlassNode supports this case, indicating that short-term holders are achieving net losses. The period of surrender, which is lost and sold by buyers, has often provided the basis for long-term gatherings.

Bitcoin holderBitcoin holder
Bitcoin Short-Term Holders Net Profit and Loss (Source: GlassNode)

Bitcoin prepares for uptofor

Given the resilience of the flagship’s digital asset prices, Crypto Trading Firm assumed that BTC traders were optimistic about the “Uptower” rally.

The company said progressive optimism has returned to the permanent futures market, where leveraged ranges have re-entered after last week’s liquidation.

QCP said open interest on Bitcoin has risen from $42.8 billion to $43.6 billion. At the same time, funding rates remain positive, with the high lipid-like platform positioning crucially looking back towards the long side.

However, the company warned that a sustained upward trend will only be seen if BTC clears the $115,000 threshold. addition:

“The options market reflects this hesitation and can slowly normalize to BTC and ETH as traders restructure their beliefs.”

Bitcoin Market Data

When reporting 3:34pm, September 29th, September 2025Bitcoin ranks number one in terms of market capitalization, and the price is above 3.69% Over the past 24 hours. Bitcoin has a market capitalization 2.27 trillion dollars 24-hour trading volume $54.3 billion. Learn more about Bitcoin›

Overview of the Crypto Market

When reporting 3:34pm, September 29th, September 2025Crypto market totals are evaluated by $3.91 trillion There is a 24-hour volume $1583.6 billion. Bitcoin’s advantage is currently underway 57.97%. Crypto Market Details›

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