The Crypto Fear and Greed Index dropped to 56 on Monday, signaling a neutral market sentiment. This follows a period of extreme greed in late August, when the index reached a yearly peak of 82.
Bitcoin is currently trading slightly above $82,000, marking a weekly decline of nearly 5%. The asset remains approximately 34% below its all-time high of over $126,000 recorded on October 6, 2025.
Institutional outflows have intensified, with spot Bitcoin ETFs recording a net loss of $386.3 million in October. Ethereum funds have faced a nine-day outflow streak, totaling $635 million this month.
Macroeconomic pressures, including rising oil prices and 30-year Treasury yields hitting 5.70%, have impacted risk assets. Higher yields reduce the appeal of non-yielding assets like Bitcoin.
Prediction market data from Myriad shows a decline in bullish sentiment. The probability of Bitcoin reaching $87,500 in October fell to 45%, while the likelihood of a drop to $80,000 is now 56%.
