{"id":478393,"date":"2021-12-07T22:17:55","date_gmt":"2021-12-07T22:17:55","guid":{"rendered":"https:\/\/uniquehot.com\/?p=478393"},"modified":"2024-06-11T14:09:49","modified_gmt":"2024-06-11T14:09:49","slug":"crypto-market-etreme-fear-metric-reaches-multi-month-low","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/crypto-market-etreme-fear-metric-reaches-multi-month-low\/","title":{"rendered":"Crypto Market &#8220;Extreme Fear&#8221; Metric Reaches Multi Month Low"},"content":{"rendered":"<p>Fear runs deep in the crypto market as major cryptocurrencies re-test critical support levels. On December 3<sup>rd<\/sup>, Bitcoin\u2019s price wicked into the lows at $40,000 resulting in a record number of liquidated positions across exchange platforms.<\/p>\n<p style=\"text-align: center\"><strong>Related Reading | <a href=\"https:\/\/uniquehot.com\/etoro\/crypto-market-analysis-december-6-2021\/\" target=\"_blank\" rel=\"noopener \">Crypto Market Analysis: December 6, 2021<\/a><br \/>\n<\/strong><\/p>\n<p>At the time of writing, almost every cryptocurrency, but Bitcoin in the top 10 by market cap seems to show signs of recovery. The benchmark crypto trades at barely north of $50,000 after it was rejected at $51,500 with small losses in the past 24-hours.<\/p>\n<figure id=\"attachment_478399\" aria-describedby=\"caption-attachment-478399\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-478399 size-large\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/12\/Bitcoin-BTC-BTCUSD-crypto.png?resize=860%2C386\" alt=\"Bitcoin BTC BTCUSD crypto\" width=\"860\" height=\"386\"><figcaption id=\"caption-attachment-478399\" class=\"wp-caption-text\">BTC moving sideways in the 4-hour chart. Source: <a href=\"https:\/\/www.tradingview.com\/chart\/UJ6TlxFV\/?symbol=BITSTAMP%3ABTCUSD\" target=\"_blank\" rel=\"noopener nofollow\">BTCUSD Tradingview<\/a><\/figcaption><\/figure>\n<p>Data from Arcane Research shows that the Fear and Greed Index has been fluctuating with the price of large crypto by market cap. During the last week, this metric stood in the \u201cFear\u201d levels right up until Friday\u2019s crash when it dipped further into \u201cExtreme Fear\u201d.<\/p>\n<p>Although the metric was able to bounce from a low at 16 it now scores a 25 in the metric, almost 50 points less than in November when it stood at Greed with 73. The index is still close to its yearly lows, and closer to post-May 2021 levels when an increase in selling pressure slumped the prices of every major crypto.<\/p>\n<p>These levels remained at their lows from that moment until mid-August, when Bitcoin finally broke above $40,000 and into an all-time high at $69,000. Arcane Research noted the following:<\/p>\n<blockquote><p>(\u2026) panic spread across the market following the weekend sell-off. We haven\u2019t seen such a fearful market in almost four months. The market sentiment bounced off the lows on Tuesday as the market recovered strongly, but we are still in the \u201cfear\u201d area (\u2026).<\/p><\/blockquote>\n<p>A \u201cFear and Greed\u201d Index on Extreme Fear levels, according to certain analysts, has historically preceded crypto market local bottoms. However, a run into new highs could see an obstacle as the macro-economic outlook turn complex.<\/p>\n<h2>The Crypto Market At Risk For Macro Factors?<\/h2>\n<p>QCP Capital believes the selloff was caused by fear of the new COVID-19 variant, Omicron, inflation concerns, weakness in the Chinese stock market, and the possibility that the U.S. FED begins to taper its asset purchasing program.<\/p>\n<p style=\"text-align: center\"><strong>Related Reading | <\/strong><strong><a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/how-do-crypto-profits-impact-the-housing-market-an-informal-report\/\" target=\"_blank\" rel=\"noopener \">How Crypto Champions can help you increase the rarity of your NFT<\/a><\/strong><\/p>\n<p>The Chinese crypto market, in particular, holds concerns. This has translated into persistent negative funding rates across exchanges platforms. QCP Capital claimed:<\/p>\n<blockquote><p>This indicates persistent selling out of China. In contrast, funding rates in other exchanges normalised very quickly (\u2026). With the persistent negative funding in Chinese exchanges, we reckon a push higher in spot could actually trigger a short-squeeze.<\/p><\/blockquote>\n<p>The crypto market already shows signs of this short squeeze, but it could face more downside due to the aforementioned macroeconomic factors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fear runs deep in the crypto market as major cryptocurrencies re-test critical support levels. On December 3rd, Bitcoin\u2019s price wicked into the lows at $40,000 resulting in a record number of liquidated positions across exchange platforms. Related Reading | Crypto Market Analysis: December 6, 2021 At the time of writing, almost every cryptocurrency, but Bitcoin in the top 10 by market cap seems to show signs of recovery. The benchmark crypto trades at barely north of $50,000 after it was rejected at $51,500 with small losses in the past 24-hours. Data from Arcane Research shows that the Fear and Greed Index has been fluctuating with the price of large crypto by market cap. During the last week, this metric stood in the \u201cFear\u201d levels right up until Friday\u2019s crash when it dipped further into \u201cExtreme Fear\u201d. Although the metric was able to bounce from a low at 16 it now scores a 25 in the metric, almost 50 points less than in November when it stood at Greed with 73. The index is still close to its yearly lows, and closer to post-May 2021 levels when an increase in selling pressure slumped the prices of every major crypto. These levels remained at their lows from that moment until mid-August, when Bitcoin finally broke above $40,000 and into an all-time high at $69,000. Arcane Research noted the following: (\u2026) panic spread across the market following the weekend sell-off. We haven\u2019t seen such a fearful market in almost four months. The market sentiment bounced off the lows on Tuesday as the market recovered strongly, but we are still in the \u201cfear\u201d area (\u2026). A \u201cFear and Greed\u201d Index on Extreme Fear levels, according to certain analysts, has historically preceded crypto market local bottoms. However, a run into new highs could see an obstacle as the macro-economic outlook turn complex. The Crypto Market At Risk For Macro Factors? QCP Capital believes the selloff was caused by fear of the new COVID-19 variant, Omicron, inflation concerns, weakness in the Chinese stock market, and the possibility that the U.S. FED begins to taper its asset purchasing program. Related Reading | How Crypto Champions can help you increase the rarity of your NFT The Chinese crypto market, in particular, holds concerns. This has translated into persistent negative funding rates across exchanges platforms. QCP Capital claimed: This indicates persistent selling out of China. In contrast, funding rates in other exchanges normalised very quickly (\u2026). With the persistent negative funding in Chinese exchanges, we reckon a push higher in spot could actually trigger a short-squeeze. The crypto market already shows signs of this short squeeze, but it could face more downside due to the aforementioned macroeconomic factors.<\/p>\n","protected":false},"author":535,"featured_media":473352,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[],"class_list":["post-478393","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"yoast_head":"\n<title>Crypto Market &quot;Extreme Fear&quot; Metric Reaches Multi Month Low<\/title>\n<meta name=\"description\" content=\"Fear runs deep in the crypto market as major cryptocurrencies re-test critical support levels after a weekend selloff.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/crypto-market-etreme-fear-metric-reaches-multi-month-low\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crypto Market &quot;Extreme Fear&quot; 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His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide. In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride. He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term. In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry. Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/reynaldo-mrquez-2ab111190\/\",\"https:\/\/x.com\/rl_m\"],\"url\":\"https:\/\/uniquehot.com\/author\/reynaldomarquez\/\"}]}<\/script>\n","yoast_head_json":{"title":"Crypto Market \"Extreme Fear\" Metric Reaches Multi Month Low","description":"Fear runs deep in the crypto market as major cryptocurrencies re-test critical support levels after a weekend selloff.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/uniquehot.com\/news\/crypto-market-etreme-fear-metric-reaches-multi-month-low\/","og_locale":"en_US","og_type":"article","og_title":"Crypto Market \"Extreme Fear\" Metric Reaches Multi Month Low","og_description":"Fear runs deep in the crypto market as major cryptocurrencies re-test critical support levels after a weekend selloff.","og_url":"https:\/\/uniquehot.com\/news\/crypto-market-etreme-fear-metric-reaches-multi-month-low\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2021-12-07T22:17:55+00:00","article_modified_time":"2024-06-11T14:09:49+00:00","og_image":[{"width":509,"height":339,"url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/10\/istockphoto-1326a.jpg?fit=509%2C339","type":"image\/jpeg"}],"author":"Reynaldo Marquez","twitter_card":"summary_large_image","twitter_creator":"@rl_m","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Reynaldo Marquez","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/uniquehot.com\/news\/crypto-market-etreme-fear-metric-reaches-multi-month-low\/#article","isPartOf":{"@id":"https:\/\/uniquehot.com\/news\/crypto-market-etreme-fear-metric-reaches-multi-month-low\/"},"author":{"name":"Reynaldo Marquez","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/6b25e0bbb04d6129ebb4d"},"headline":"Crypto Market &#8220;Extreme Fear&#8221; 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His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide. In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride. He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term. In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry. Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.","sameAs":["https:\/\/www.linkedin.com\/in\/reynaldo-mrquez-2ab111190\/","https:\/\/x.com\/rl_m"],"url":"https:\/\/uniquehot.com\/author\/reynaldomarquez\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Crypto Market &#8220;Extreme Fear&#8221; Metric Reaches Multi Month Low","url":"http:\/\/uniquehot.com\/news\/crypto-market-etreme-fear-metric-reaches-multi-month-low\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/crypto-market-etreme-fear-metric-reaches-multi-month-low\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/10\/istockphoto-1326a.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/10\/istockphoto-1326a.jpg?fit=509%2C339"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Reynaldo Marquez"}],"creator":["Reynaldo Marquez"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":[],"dateCreated":"2021-12-07T22:17:55Z","datePublished":"2021-12-07T22:17:55Z","dateModified":"2024-06-11T14:09:49Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Crypto Market &#8220;Extreme Fear&#8221; Metric Reaches Multi Month Low\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/crypto-market-etreme-fear-metric-reaches-multi-month-low\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/crypto-market-etreme-fear-metric-reaches-multi-month-low\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2021\\\/10\\\/istockphoto-1326a.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2021\\\/10\\\/istockphoto-1326a.jpg?fit=509%2C339\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Reynaldo Marquez\"}],\"creator\":[\"Reynaldo Marquez\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[],\"dateCreated\":\"2021-12-07T22:17:55Z\",\"datePublished\":\"2021-12-07T22:17:55Z\",\"dateModified\":\"2024-06-11T14:09:49Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/10\/istockphoto-1326a.jpg?fit=509%2C339","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/478393"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/535"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=478393"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/478393\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/473352"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=478393"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=478393"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=478393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}