Extreme fear returns as crypto majors slide despite Bitcoin holding above $67K

Crypto market sentiment has deteriorated sharply, with the Crypto Concern and Greed Index dropping to 12. This locations the market firmly in “Excessive Concern” territory as most main cryptocurrencies recorded weekly losses.

The slide in sentiment comes regardless of Bitcoin avoiding a decisive breakdown, suggesting investor warning is being pushed extra by sustained draw back strain throughout altcoins than by panic promoting.

Supply: CoinMarketCap

Bitcoin holds key ranges as confidence weakens

Bitcoin [BTC] was buying and selling close to $67,950 on the time of writing, down 4.28% over the previous seven days, in line with CoinMarketCap information. Whereas BTC stays above $65,000, upside momentum has stalled, limiting its capacity to stabilize broader market sentiment.

Bitcoin’s relative resilience contrasts with worsening market psychology. This divergence has traditionally preceded both renewed consolidation or a delayed response decrease throughout danger property.

Ethereum and Solana lead weekly losses amongst majors

Losses have been extra pronounced amongst large-cap altcoins. Ethereum [ETH] fell 7.45% over the previous week to round $1,975, underperforming Bitcoin amid intensified promoting strain.

Solana [SOL] additionally declined, down 3.64% on the week to commerce close to $84.70, whereas BNB slipped 3.86% to roughly $617. The weak spot throughout high-beta property displays a broader discount in danger urge for food reasonably than remoted token-specific occasions.

Remoted gainers fail to offset broader risk-off tone

Not all majors moved decrease. XRP posted a 1.87% weekly achieve, whereas TRON [TRX] rose 1.71% and Bitcoin Money [BCH] superior 7.43% over the identical interval.

Nonetheless, these beneficial properties have been inadequate to shift total sentiment, as the vast majority of non-stablecoin property remained within the pink. The uneven efficiency highlights selective positioning reasonably than broad-based accumulation.

Excessive concern indicators warning, not capitulation

The present Concern and Greed studying represents a pointy reversal from final month, when sentiment hovered close to impartial ranges.

Traditionally, index readings under 20 have coincided with durations of heightened uncertainty pushed by macro pressures, ETF movement volatility, or extended worth stagnation.

Regardless of the unfavorable sentiment, worth motion stays comparatively orderly, suggesting buyers are de-risking progressively reasonably than exiting the market solely.

Remaining Abstract

• Excessive concern is mirrored throughout main cryptocurrencies, pushed by underperformance in ETH and SOL.
• Bitcoin’s capacity to carry above $65K stays central as to whether sentiment stabilizes or deteriorates additional.