Bitcoin Spooked? Crypto Fear and Greed Index Drops to Pre-Rally August Lows
Summary
Bitcoin fell about 6% from a recent peak, trading near $82,000 as crypto sentiment cooled from August’s extreme greed to a neutral reading. Spot Bitcoin ETFs recorded sizable outflows, while Ethereum funds saw nine consecutive days of withdrawals. Higher oil prices and Treasury yields have pressured risk assets, raising concerns about inflation and interest rates; Bitcoin and stocks sold off together. Prediction-market traders have reduced the odds of Bitcoin reaching $87,500 or $90,000 this month and see a greater chance of a decline toward $80,000 or lower.
