The Fear and Greed Index fell from 68 points on October 22 to 51 on October 29 before dropping to 30 following the attack on Binance. The breach caused $6.3 billion in losses, while the exchange says it has reimbursed and replenished approximately 95% of the stolen assets. Analyst Axel Adler Jr. nevertheless believes market sentiment was already weakening before the attack and that a sustained recovery in prices and the index would be needed to confirm an improvement. The October 2026 hack is described as the largest cryptocurrency theft in history, roughly four times larger than the February 2025 exploit against Bybit, and could drive further flows to large regulated platforms, decentralized finance and self-custody.
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