Fear & Greed Index at 18 month low - 30

The Crypto Fear and Greed Index for Bitcoin has dropped to a score of 30, a significant decline in over 18 months. This is largely due to concerns about potential market impacts from the upcoming Mt. Gox Bitcoin repayments and ongoing government sales of seized Bitcoin.

The Mt. Gox issue in particular could lead to a substantial release of Bitcoin into the market, potentially worth $8.5 billion. Additionally, sales by the German government contribute to the downward pressure on the market. This situation mirrors past sentiment lows, such as the one following the FTX collapse.

https://www.coinfeeds.io/daily/crypto-fear-index-hits-18-month-low-amid-market-sell-off