Crypto Fear and Greed Index falling to pre-rally August lows signals shifting Bitcoin sentiment.
Context
What happened: The Crypto Fear and Greed Index fell to 56 (neutral) on Monday from 67 a week earlier, after peaking at 82 on Aug. 26. Bitcoin dropped about 6%, from $86,978 to $81,749.83.
Key numbers: Index 56 Monday, 67 a week earlier, 82 on Aug. 26.
Why it matters: Macro headwinds, including oil above $101 and a 5.70% 30-year Treasury yield, pushed stocks, gold and Bitcoin lower together, which the content frames as a macro trade rather than a crypto problem. Traders on Myriad cut October upside odds and now price 56% odds of a drop to $80,000.
What changed
The Crypto Fear and Greed Index fell to 56 (neutral) on Monday from 67 a week earlier, after peaking at 82 on Aug. 26. Bitcoin dropped about 6%, from $86,978 to $81,749.83.
Why it matters
Macro headwinds, including oil above $101 and a 5.70% 30-year Treasury yield, pushed stocks, gold and Bitcoin lower together, which the content frames as a macro trade rather than a crypto problem. Traders on Myriad cut October upside odds and now price 56% odds of a drop to $80,000.