Bitcoin sentiment has plunged into extreme fear territory as falling prices, heavy liquidations, and global risk-off pressure push traders to brace for further downside.
The Crypto Fear & Greed Index dropped to 14, firmly in the “extreme fear” zone, reflecting mounting anxiety after weeks of sustained losses and forced sell-offs across the market.
Bitcoin has fallen roughly 13% over the past 30 days, marking its fourth straight month of decline. The slide intensified over the weekend when prices briefly touched $74,500, a level not seen since before the $80,000 break, before rebounding modestly to around $78,500.
That move triggered a sharp cascade in derivatives markets. More than $2.2 billion in leveraged crypto positions were liquidated in just 24 hours, as long traders were forced to close positions to meet margin requirements, accelerating the sell-off.
Risk aversion has spread well beyond crypto. Concerns around tariffs, slowing economic conditions, and broader market instability have pushed investors to reduce exposure across equities, precious metals, and digital assets simultaneously.
Even traditional safe havens failed to provide shelter. Gold recorded a single-day drop of 12%, while silver collapsed by 30%, underscoring the severity of the risk-off shift.
The Crypto Fear & Greed Index has now remained stuck at 14, unchanged from the previous day and sharply lower than last month’s reading of 29. The index factors in price momentum, trading volume, social activity, market dominance, and search trends, all of which currently signal defensive positioning rather than confidence.
Technical indicators suggest selling pressure remains dominant. Bitcoin’s 50-day exponential moving average continues to sit below the 200-day average, reinforcing a bearish trend structure.
The Average Directional Index stands above 30 on the daily chart and above 57 on the four-hour chart, indicating strong trend conviction, currently to the downside.
Momentum indicators show conditions are oversold but not necessarily reversing. The Relative Strength Index has slipped to around 30, a level that often precedes short-term relief bounces but does not guarantee a sustained recovery.
While buyers have so far defended the $74,500 area, recent rebounds have struggled to hold, pointing to fragile confidence. If that support fails on a retest, traders are increasingly eyeing $69,000 as the next major downside level.
Prediction markets reflect this shift in outlook. Current odds suggest a 67.9% probability that Bitcoin will fall to $69,000 before reaching $100,000, a dramatic reversal from sentiment just two weeks ago, when expectations leaned toward another rally.
Any recovery path remains narrow. Initial resistance is seen near $80,600, followed by a more significant barrier around $91,350, levels Bitcoin would need to reclaim before a broader trend reversal can be considered.
