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Cointelegraph by Martin Young

Bitcoin drops over $3,000 as Fear and Greed Index revisits extreme low of 5

Bitcoin slid more than $3,000 in under two hours on Monday, falling over 4% to around $64,300 and giving back its advance from Friday. The move pushed the Crypto Fear and Greed Index back down to a reading of 5 out of 100, while roughly 136,000 traders saw about $458 million in positions liquidated, mostly from leveraged longs. On-chain data also shows recent investors still realizing large daily losses, and Bitcoin's Sharpe Ratio has sunk to deeply negative territory that some analysts associate with prior accumulation phases.
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