The Cryptocurrency Fear and Greed Index plummeted to the extreme fear level of 5-9, marking the lowest point since the market crash in June 2022. Bitcoin's single-day drop exceeded $10,000, briefly falling below $65,000. This triggered a large-scale market liquidation, with US spot Bitcoin ETF net outflows of $434.1 million, led by BlackRock's iBIT, indicating increasing caution among institutional investors.
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The Cryptocurrency Fear and Greed Index plummeted to the extreme fear level of 5-9, marking the lowest point since the market crash in June 2022. Bitcoin's single-day drop exceeded $10,000, briefly falling below $65,000. This triggered a large-scale market liquidation, with US spot Bitcoin ETF net outflows of $434.1 million, led by BlackRock's iBIT, indicating increasing caution among institutional investors.