{"id":15855,"date":"2024-08-06T09:55:29","date_gmt":"2024-08-06T06:55:29","guid":{"rendered":"https:\/\/forklog.com\/en\/fear-and-greed-index-plummets-to-extreme-panic-levels\/"},"modified":"2024-08-06T09:55:29","modified_gmt":"2024-08-06T06:55:29","slug":"fear-and-greed-index-plummets-to-extreme-panic-levels","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/fear-and-greed-index-plummets-to-extreme-panic-levels\/","title":{"rendered":"Fear and Greed Index Plummets to Extreme Panic Levels"},"content":{"rendered":"<p>On August 6, the cryptocurrency Fear and Greed Index dropped to 17 points, a level last seen in July 2022.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/1-1139.webp\" alt=\"1-1139\" class=\"wp-image-238401\"\/><figcaption class=\"wp-element-caption\">Cryptocurrency Fear and Greed Index. Data: <a href=\"https:\/\/alternative.me\/crypto\/fear-and-greed-index\/\" target=\"_blank\" rel=\"noreferrer noopener\">Alternative.me<\/a>. <\/figcaption><\/figure>\n<p>The metric&#8217;s decline coincided with a sharp deterioration in market sentiment. On August 5, Bitcoin tested the $50,000 mark, with daily losses reaching 13%.<\/p>\n<p>At the time of writing, the digital gold had recovered to $55,800.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/2-852.webp\" alt=\"2-852\" class=\"wp-image-238402\"\/><figcaption class=\"wp-element-caption\">15-minute BTC\/USDT chart on Binance. Data: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSDT\/\" target=\"_blank\" rel=\"noreferrer noopener\">TradingView<\/a>. <\/figcaption><\/figure>\n<p>According to <a href=\"https:\/\/www.coinglass.com\/LiquidationData\">Coinglass<\/a>, positions worth $444.2 million were liquidated over the past day.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/3-481.webp\" alt=\"3-481\" class=\"wp-image-238403\"\/><figcaption class=\"wp-element-caption\">Liquidation map. Data: Coinglass.<\/figcaption><\/figure>\n<p>10x Research identified U.S. economic indicators as the main factor behind Bitcoin&#8217;s decline.<\/p>\n<p>Earlier, ForkLog discussed with experts the reasons for the dump and explored the conditions under which high-capitalization coins might begin to recover. Read the details in the article.<\/p>\n<p><iframe loading=\"lazy\" title=\"Why Did Bitcoin Crash?\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/bf_3-57u0Jk?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On August 6, the cryptocurrency Fear and Greed Index dropped to 17 points, a level last seen in July 2022. Cryptocurrency Fear and Greed Index. Data: Alternative.me. The metric&#8217;s decline coincided with a sharp deterioration in market sentiment. On August 5, Bitcoin tested the $50,000 mark, with daily losses reaching 13%. At the time of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":15854,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1384,1145],"class_list":["post-15855","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-fear-index","tag-market-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"21","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/15855","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=15855"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/15855\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/15854"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=15855"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=15855"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=15855"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}