Crypto Sentiment Drops to Extreme Fear as Bitcoin ETFs See $231M Outflow
Market sentiment for Bitcoin has shifted into a state of “Extreme Fear,” according to the daily Crypto Fear & Greed Index, which recorded a reading of 15 on June 29. The drop in sentiment coincided with $231.1 million in net outflows from U.S. spot Bitcoin ETFs, marking the fifth consecutive trading session of institutional redemptions.
Bitcoin steadies as altcoins surge in liquidity-driven relief rally
Bitcoin steadied near $67,300 after briefly dropping to around $65,112, while a broad group of altcoins outperformed as traders covered short positions and rotated into smaller-cap tokens. The rebound looked more like a liquidity-driven relief move than the start of a fully confirmed trend reversal.