Bitcoin Plunges 4% as Fear and Greed Index Hits Historic Low
Cointelegraph
Bitcoin dropped over 4% to $64,300, pushing the Crypto Fear and Greed Index to an 'extreme fear' level of 5.Summary
Bitcoin experienced a sharp decline, plunging over $3,000 in two hours to $64,300, erasing its weekend gains and resulting in over $458 million in liquidations, predominantly long positions. This price action drove the Crypto Fear and Greed Index down to 5 out of 100, signaling "extreme fear," a level only reached three times since 2018. Although Bitcoin is significantly below its October all-time high, analysts note that the Bitcoin Sharpe Ratio has fallen to a historical low of -38.4, which historically suggests 'low risk' accumulation zones, even as recent investors continue to capitulate.
(Source：Cointelegraph)