Crypto Mood Sours: Sentiment Hits 8-Month Low as Bitcoin Stalls

Crypto market sentiment has hit its most fearful level since February, with the Crypto Fear & Greed Index dropping to a stark 10.

The “Extreme Fear” reading coincides with Bitcoin’s struggle to reclaim $96,000. The last time sentiment was this poor, the market was reeling from record outflows from spot Bitcoin ETFs.

Despite the gloomy data, analysts are largely predicting the pessimistic mood will be brief.