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<ul> 
 <li>Bitcoin’s Fear and Greed Index hits an 18-month low, plummeting to 30, signaling market apprehension.</li> 
 <li>A significant 21-point drop on June 24 marked one of the largest day-to-day decreases in Bitcoin’s recent price.</li> 
 <li>Outflows from US ETFs, Mt. Gox’s potential sell-off, and miner activity are fueling the negative sentiment.</li> 
</ul> 
<p>Bitcoin’s Fear and Greed Index has plummeted to 30,&nbsp; the lowest in 18 months. Fear and Greed Index typically measures market sentiment. On June 24, the index fell by a significant 21 points, entering the dreaded zone.&nbsp;</p> 
<p>This sharp decline marks one of the most substantial day-to-day drops in the price of <a href="https://bitcoin.org/" target="_blank" rel="noreferrer noopener nofollow">Bitcoin</a> in recent years. A week ago, the same index was comfortably sitting at 74 in the Greed zone, reflecting a more optimistic outlook. However, the recent shift to Fear signals growing apprehension among investors.&nbsp;</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> Fear &amp; Greed Index Hits 30 (Fear)<br><br>The <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> Fear &amp; Greed Index just entered the fear zone, dropping to 30! This is the lowest index value since September 12th, while previously the FGI was below 30 in January 2023. <a href="https://t.co/BxeveE1VH2">pic.twitter.com/BxeveE1VH2</a></p>— CryptoRank.io (@CryptoRank_io) <a href="https://twitter.com/CryptoRank_io/status/1805539057025323105?ref_src=twsrc%5Etfw">June 25, 2024</a>
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</figure> 
<h2 class="wp-block-heading" id="h-what-factors-are-driving-the-sudden-change-in-market-sentiment">What Factors are Driving the Sudden Change in Market Sentiment?</h2> 
<p>Firstly, there have been substantial outflows from spot Bitcoin exchange-traded funds (ETFs) in the United States. Over the last ten trading days, these outflows have totaled more than $1 billion.&nbsp;</p> 
<p>Additionally, there are concerns that <a href="https://cryptonewsland.com/mt-gox-set-to-commence-bitcoin-and-bitcoin-cash-repayments-in-july-2024/">Mt. </a><a href="https://cryptonewsland.com/mt-gox-set-to-commence-bitcoin-and-bitcoin-cash-repayments-in-july-2024/" target="_blank" rel="noreferrer noopener">Gox</a>, the infamous crypto exchange that collapsed years ago, might be preparing to sell a staggering $8.5 billion worth of Bitcoin to its creditors. Such a massive sell-off could significantly impact the market sentiment.</p> 
<p>Moreover, Germany has also started selling some of its <a href="https://cryptonewsland.com/bitcoin-exchange-reserves-plunge-to-lowest-level-in-three-years/">Bitcoin </a><a href="https://cryptonewsland.com/bitcoin-exchange-reserves-plunge-to-lowest-level-in-three-years/" target="_blank" rel="noreferrer noopener">reserves</a>, adding to the negative sentiment. These combined factors have led to a cascade of investor anxiety, pushing the Crypto Fear and Greed Index into the ‘Fear’ territory.</p> 
<p>Bitcoin miners have also played a role in weakening market sentiment. They’ve been selling off more Bitcoin than usual, coinciding with a decline in the network hashrate. This double outflows from ETFs and miner activity has contributed to the prevailing fear among investors.</p> 
<p><a href="https://coinstats.app/fear-and-greed/">The Crypto Fear &amp; </a><a href="https://coinstats.app/fear-and-greed/" target="_blank" rel="noreferrer noopener nofollow">Greed</a><a href="https://coinstats.app/fear-and-greed/"> Index</a> considers several factors to arrive at its score, including market volatility, trading volume, Bitcoin dominance, and trends. While it used to factor in surveys, that metric is currently paused.&nbsp;</p> 
<p>Over the last 12 months, the index has mostly trended downward, with the extreme greed of March 2024 (when Bitcoin surpassed its previous all-time high price) now a distant memory to traders losing hope.</p> 
<h4 class="wp-block-heading" id="h-read-also">Read Also&nbsp;</h4> 
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/xrp-enthusiasts-fear-ripple-could-hinder-3-84-price-surge/">XRP Enthusiasts Fear Ripple Could Hinder $3.84 Price Surge</a></li>
 <li><a href="https://cryptonewsland.com/bitcoin-fear-and-greed-index-hits-new-highs/">Bitcoin Fear and Greed Index Hits New Highs</a></li>
 <li><a href="https://cryptonewsland.com/bitcoin-drops-below-43k-fear-greed-index-neutral/">Bitcoin Drops Below $43K, Fear &amp; Greed Index Neutral</a></li>
 <li><a href="https://cryptonewsland.com/ethereum-investors-ignite-greed-sentiment-amid-etf-speculation/">Ethereum Investors Ignite Greed Sentiment Amid ETF Speculation</a></li>
 <li><a href="https://cryptonewsland.com/ethereum-surges-past-2600-barrier-further-gains-ahead/">Ethereum Surges Past $2,600 Barrier: Further Gains Ahead?</a></li>
</ul> 
<p>The post <a href="https://cryptonewsland.com/crypto-investor-sentiment-for-bitcoin-btc-drops-to-30-fear-the-lowest-in-18-months/">Crypto Investor Sentiment for Bitcoin (BTC) Drops to 30, ‘Fear’ — the Lowest in 18 Months</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Crypto Investor Sentiment for Bitcoin (BTC) Drops to 30, ‘Fear’ — the Lowest in 18 Months

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