Crypto Fear Hits Extreme Levels as Bitcoin Dips Below $65,000

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The Crypto Fear and Greed Index fell to extreme fear levels of 5-9, the lowest since the June 2022 Terra and FTX crashes, as Bitcoin briefly dropped below $65,000 before recovering. The cryptocurrency saw a single-day decline of over $10,000, wiping out significant market value and triggering widespread liquidations. U.S. spot Bitcoin ETFs recorded $434.1 million in net outflows on February 5, led by BlackRock’s IBIT, reflecting growing caution among institutional investors.