Bitcoin sentiment index tops 89, reaches strongest level since March 2024

  • Darkfost’s sentiment measure briefly entered extreme greed as Bitcoin advanced toward $80,000.
  • Bitcoin sentiment exceeded 89, its highest level on the measure since March 2024.
  • U.S. spot Bitcoin ETFs recorded $462.7 million in net outflows during Sep. 8–11.

Bitcoin sentiment recently climbed above 89 on a measure tracked by CryptoQuant analyst Darkfost, reaching its highest level since March 2024 before easing as Bitcoin traded near $77,300. The reading briefly entered the extreme greed range during Bitcoin’s move from the $60,000 range toward $80,000. Darkfost said unusually positive or negative readings warrant attention because they can occur around market turning points, but his observation does not establish that a reversal has begun. Alternative.me’s separate Fear & Greed Index stood at 63, or greed, when checked. U.S.-listed spot Bitcoin ETFs recorded $462.7 million in net outflows during the Sep. 8–11 trading week, while inflation data showed U.S. prices rose 3.4% annually in August ahead of the Federal Reserve’s Sep. 15–16 meeting.

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