Crypto Fear and Greed Index Drops as Market Sentiment Cools Near Bitcoin $121K
- Bitcoin’s slide from $126 K to $121 K pulled the Crypto Fear and Greed Index down to 55 (Neutral).
- $650 million in liquidations and high Open Interest suggest short-term caution.
- Analysts see a “healthy reset” before a potential ETF-driven rebound.
The crypto market cooled sharply as traders booked profits from Bitcoin’s recent all-time-high run. Total crypto market cap fell about 2.5 % in 24 hours to $4.15 trillion, according to CoinMarketCap.
As such, the crypto Fear and Greed Index, provided by Binance-backed CoinMarketCap, dropped from 62%, which represents greed, to 55%, which represents neutral sentiment from traders.
Related: Wall Street Veteran Paul Tudor Jones Renews Bitcoin Call as Institutional Profits Climb
What’s Next for Crypto Market Sentiment?
Is Elevated Open Interest a Bad Omen?
The crypto markets’ O…
Read The Full Article Crypto Fear and Greed Index Drops as Market Sentiment Cools Near Bitcoin $121K On Coin Edition.
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Crypto Fear and Greed Index Drops as Market Sentiment Cools Near Bitcoin $121K
- Bitcoin’s slide from $126 K to $121 K pulled the Crypto Fear and Greed Index down to 55 (Neutral).
- $650 million in liquidations and high Open Interest suggest short-term caution.
- Analysts see a “healthy reset” before a potential ETF-driven rebound.
The crypto market cooled sharply as traders booked profits from Bitcoin’s recent all-time-high run. Total crypto market cap fell about 2.5 % in 24 hours to $4.15 trillion, according to CoinMarketCap.
As such, the crypto Fear and Greed Index, provided by Binance-backed CoinMarketCap, dropped from 62%, which represents greed, to 55%, which represents neutral sentiment from traders.
Related: Wall Street Veteran Paul Tudor Jones Renews Bitcoin Call as Institutional Profits Climb
What’s Next for Crypto Market Sentiment?
Is Elevated Open Interest a Bad Omen?
The crypto markets’ O…
Read The Full Article Crypto Fear and Greed Index Drops as Market Sentiment Cools Near Bitcoin $121K On Coin Edition.
Read More
Privacy Coins Lead Rally as Zcash Breaks Multi-Year Range