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The Crypto Fear and Greed Index dropped to 21, indicating Extreme Fear in the cryptocurrency market after Bitcoin fell below $ 105,000.

This is the lowest level in seven months, driven by institutional outflows and signals from the Federal Reserve on interest rates, showing increased investor caution amid market volatility. The Crypto Fear & Greed Index declined 21 points from the day before to reach Extreme Fear at 21.

Bitcoin’s price dipped to a low of $ 104700 before climbing slightly above $105K

institutional Bitcoin ETFs experienced $800 million in withdrawals, with purchases falling short of the daily mined supply for the first time in seven months.

According to CoinGecko data, BTC is currently down 2% for the day but has recovered above $ 106,500; this volatility reflects broader market reactions.

The index has fluctuated between Extreme Fear and Neutral levels since the early October crash, when Bitcoin quickly cooled from its October 6 peak of over $ 126,000. It peaked on October 5 at 74, signaling Greed, before its decline

There were net withdrawals of nearly $800 million from exchange-traded funds linked to Bitcoin last week, with institutional purchases falling short of the daily supply of Bitcoin mined for that day.

The Crypto Fear and Greed Index is a sentiment indicator that gauges market emotions on a scale from 0 to 100, where lower scores, like 21, indicate Extreme Fear among investors. Tuesday saw a 21-point decline after Bitcoin briefly dropped below $ 106,000 for the first time in more than three weeks, indicating widespread caution. This decline, the lowest in nearly seven months, results from substantial ETF outflows, hawkish signals from the Federal Reserve, and decreased institutional demand, marking a shift in the cryptocurrency landscape from recent greed to fear..