Bitcoin Updates Now: Crypto Faces a Standstill as Market Anxiety Meets Harvard’s Confident Bitcoin Investment
- Alternative Data's Fear & Greed Index hit record low 10 on Nov 16, signaling extreme crypto market fear and frozen investor sentiment. - Bitcoin fell 5% to $96,000 while CD20 lost 5.8% as profit-taking, liquidations, and liquidity declines accelerated selloffs. - Rising U.S. Treasury yields and central bank uncertainty worsened losses, with Nansen noting "perfect storm" of macro risks and institutional outflows. - Harvard's $443M IBIT ETF investment contrasts current bearishness, highlighting diverging i
The cryptocurrency sector has entered a phase of "extreme fear," as indicated by the Fear & Greed Index
Macroeconomic challenges, such as increasing U.S. Treasury yields and ambiguity surrounding central bank actions, have further fueled the sell-off.
Although the current sentiment is pessimistic, some large institutions remain optimistic.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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