Bitcoin Falls Below $98,000 as Fear & Greed Index Drops to 7-Month Low
Bitcoin dipped below $98,000 on Nov. 13, registering a roughly 3.5% drop over the prior 24 hours as selling pressure intensified. The Crypto Fear & Greed Index fell to 15, its weakest level in about seven months, flagging “extreme fear” among market participants and underscoring a marked shift in short-term sentiment. The move came alongside elevated intraday volatility and heavier-than-usual order flow on major spot venues.
The slide matters because sentiment-driven sell-offs can amplify price swings and force deleveraging among short-term and leveraged traders, increasing the risk of cascading liquidations. For longer-term investors the drop could present a buying window, but caution remains warranted given heightened uncertainty; watch trading volumes, exchange flows and macro headlines for clues on whether the drop stabilizes or deepens. Market participants should expect continued choppy trading while sentiment remains near these lows.