Crypto Fear & Greed Index Drops to 15 as Market Sentiment Hits Extreme Fear

The Crypto Fear & Greed Index fell to 15 out of 100 this week, reaching extreme fear levels last seen in February and comparable to sentiment when Bitcoin traded at $18,000 in 2022, according to Santiment. The market intelligence platform suggests this capitulation phase could set up a contrarian rally as retail traders exit positions while long-term holders accumulate. Bitcoin currently trades around $101,700, with Ethereum near $3,400.