BTC Hits Highest Fear Level Since $83K

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Crypto sentiment gauge, the Crypto Fear & Greed Index, collapsed below 30/100 for the first time since mid-April, with Bitcoin trading $25,000 higher.

The Crypto Fear & Greed Index is back at levels not seen since Bitcoin traded at $83,000.

Analysis wonders whether the BTC price “turning point” is already here.

Social media user behavior already suggests that a price rebound should take place next.

Bitcoin sentiment collapsed overnight Thursday as the latest BTC price dip forced fresh liquidations.

New data from the Crypto Fear & Greed Index shows that “fear” now drives the mood.

Bitcoin sentiment echoes April lows
Bitcoin, nearing new monthly lows under $109,000, had a near-instant impact on market sentiment.

The Fear & Greed Index, which lags market movements, hit just 28/100 on Friday, marking its lowest level since April 11. The index fell 16 points in a single day.

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