‘Fear’ grips Bitcoin as crypto market sentiment drops to lowest levels since April 2020

(BTC) and altcoin traders are more nervous than any time in over a year as a classic sentiment gauge signals “fear” is driving the market.

According to the , cryptocurrency traders have not had such cold feet about the market climate since April 2020.

Crypto Fear & Greed Index. Source: Alternative.me
Bitcoin perpetual futures funding rates chart. Source: Rafael Schultze-Kraft/Twitter