Crypto Worry & Greed Index Plunges To June 2022 Ranges

The Crypto Worry & Greed Index plunged to ranges final recorded in June 2022 and the BlackRock spot Bitcoin ETF prolonged its shedding streak to seven days as bearish sentiment gripped the crypto market.

The Crypto Worry & Greed Index dived to 10, representing ”Excessive Worry,” a degree final seen throughout the collapses of crypto hedge fund Three Arrows Capital (3AC), Terraform Labs and crypto lender Celsius.  

Crypto Worry and Greed Index is on the lowest studying because the June 2022 DeFi collapse. We’re practically prepared. 🩸 #Bitcoin pic.twitter.com/4XCMwBemih

— Jason Pizzino 🌞 (@jasonpizzino) February 27, 2025

Analyst Michael van de Poppe, with greater than 778k followers on X, famous that Bitcoin has rallied some 500% because the final time the Crypto Worry & Greed Index plunged to 10.

“It’s a uncommon event the place sentiment is extremely damaging and shopping for alternatives are tremendously good,” he mentioned.

The crypto market has slumped one other 2.7% previously 24 hours to a market capitalization of $2.86 trillion, in response to CoinMarketCap.

The Bitcoin value dropped 3% within the final 24 hours to commerce at $85,717.73 as of 1:15 a.m. EST, bringing its the loss previously week to 11%.

BlackRock Bitcoin ETF Suffers Document Each day Outflows

BlackRock’s iShare Bitcoin Belief (IBIT), which has led the Bitcoin ETF market by way of inflows because the merchandise launched in January final 12 months, suffered its greatest single-day outflows but after 5,000 BTC was pulled from the fund’s reserves yesterday.

This equated to $418.1 million, in response to information from Farside Buyers.

𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗘𝗧𝗙 𝗙𝗹𝗼𝘄 (𝗨𝗦$ 𝗺𝗶𝗹𝗹𝗶𝗼𝗻) – 2025-02-26

TOTAL NET FLOW: -754.6

IBIT: -418.1
FBTC: -145.7
BITB: -13.6
ARKB: -60.5
BTCO: -16.8
EZBC: -9.7
BRRR: 0
HODL: 0
BTCW: -11.5
GBTC: -22.7
BTC: -56

For all the information & disclaimers go to:https://t.co/Wg6Qpn0Pqw

— Farside Buyers (@FarsideUK) February 27, 2025

IBIT’s outflows adopted a file day of bleeding for the 11 US spot Bitcoin ETFs on Feb. 24, which noticed greater than $1.1 billion depart the funding merchandise collectively.

Together with IBIT, the entire different Bitcoin funds, besides Valkyrie’s BRRR and Vaneck’s HODL, recorded damaging flows throughout yesterday’s buying and selling session. BRRR and HODL recorded no new flows.

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