The Crypto Fear & Greed Index entered the red zone on Friday, reflecting “Extreme Fear” in market sentiment, according to CoinMarketCap. Bitcoin meanwhile fell below the psychological $70,000 mark, down 5% over the past 24 hours and now 45% below its all-time high of $128,198. Crypto liquidations reached $1.31 billion, with more than $1 billion coming from long positions. Institutional demand has collapsed, with Bitcoin ETFs recording $1.44 billion in net outflows this past week, a trend that has lasted for almost a month. Nvidia CEO Jensen Huang’s resignation triggered a flash crash across all financial markets, while Strategy and Metaplanet are set to be removed from the MSCI USA Index following MSCI’s November 2026 index review. Bitcoin’s RSI sits near 30, close to oversold territory, though a further decline is not necessarily inevitable.
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