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Bitcoin sentiment in ‘wild’ divergence from reality as $53K BTC triggers ‘extreme fear’ -Breaking

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© Reuters

(BTC) has stabilized at around $55,000 after dropping by $6,000 in a single day — but crypto market sentiment is still in shock.

According to the Crypto Fear & Greed Index as of Nov. 27, emotions are now at the most fearful since late September.

Crypto Fear & Greed Index. Source: Alternative.me
1-day candle chart (Bitstamp). TradingView
Below is a chart of the Bitcoin funding rates. Source: Coinglass