
Bitcoin’s sharp drop to near $104K pushed the index to its lowest point in seven months, underscoring weakening institutional flows and heightened market caution.
Bitcoin fell from over $109,000 to a 24-hour low of $103,938, driving the Crypto Fear & Greed Index down to 21, its lowest reading since April 2024, signaling “Extreme Fear.” The downturn was linked to $800 million in net outflows from Bitcoin ETFs last week, diminished institutional buying, and concerns over the Federal Reserve’s rate policy, which indicated no further cuts in 2025. Sentiment has swung sharply since October’s sell-off, and traders are watching ETF flows, on-chain activity, and U.S. policy signals for direction.