Crypto Fear and Greed Index sinks to 9 after $2.7B in leveraged erased
The Crypto Fear and Greed Index dropped to 9 after a Bitcoin price fall liquidated $2.7 billion in leveraged positions.Summary
Digital asset volatility increased sharply as Bitcoin's price decline wiped out approximately $2.7 billion in leveraged positions over 24 hours, causing the Crypto Fear and Greed Index to plunge to 9, its lowest level since June 2022. Bitcoin traded above $65,000 after briefly touching $60,000, but analysts warn of rising capitulation risks. Gerry O’Shea of Hashdex attributed the pressure to global uncertainty concerning AI, geopolitics, and macroeconomic conditions, driving investors toward safer assets like gold. Despite the current drawdown, O’Shea remains confident that Bitcoin will strengthen its appeal as "digital gold" as institutional adoption grows and regulatory clarity improves, potentially supported by progress on the CLARITY Act.
(Source：Crypto Briefing)