Cryptocurrency markets are currently gripped by extreme fear, with the fear greed index dropping to just 11, down 2 points from yesterday. Data from Coinglass reveals that this reading represents a state of maximum fear sentiment among traders and investors, signaling one of the most bearish periods in recent market cycles.
The broader trend shows some stabilization at the margins—the 7-day average stands at 14, while the 30-day average sits at 28. This multi-timeframe perspective reveals the intensity of current fear greed index levels compared to historical norms. When the fear and greed ind