
The market sentiment index score hasn’t been in the “Neutral” zone since Oct. 14, when Bitcoin was trading around $63,000.
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Bitcoin has retreated 13.7% in the last 12 days, leading to the Crypto Fear & Greed Index recording its lowest score since Oct. 15.
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Bitcoin rallied 6.15% on Nov. 10 to reach another new all-time high of $81,358.
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After the latest $630,000 transfer, the Bitcoin whale has now sent $5.47 million worth of Bitcoin to Kraken in the last two months.
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August had an average rating of “Fear” on the Crypto Fear and Greed Index hitting a yearly low of 17 on Aug. 6.
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The Crypto Fear and Greed Index recorded a score of 17 out of 100 on Aug. 5 — the lowest it has been since July 12, 2022.
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Mentions of “buy the dip” on Reddit, X, 4chan and Bitcoin Talk doubled over the last two days as Bitcoin has fallen to lows unseen in months.
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The weakened market sentiment comes amid fears of a potential $8.5 billion market dump by Mt. Gox and recent mass outflows from United States spot Bitcoin ETFs.
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AI machines will need to use and store their wealth somewhere, and Bitcoin is the logical choice for that, Anthony Pompliano says.
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The Bitcoin whale didn’t even send test transactions before moving their 8,000 Bitcoin.
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