• The Crypto Worry and Greed Index hit a file low of 5 on February 12, reflecting excessive danger aversion as sentiment continues to bitter.
  • Bitcoin is hovering close to a $60,000 stress level the place $1.24 billion in put choices are concentrated, simply above a long-term assist degree of $58,000.
  • Market confidence has struggled since an enormous October 2025 liquidation occasion, whereas declining Coinbase revenues and warnings from Michael Burry spotlight ongoing monetary strain.

Simply when issues couldn’t get any worse for the market, the Crypto Worry and Greed Index hit a file low. 

The gauge fell to five on Feb. 12, its weakest studying so far, indicating broad danger aversion. The index combines alerts from volatility, momentum, social media exercise, Bitcoin dominance and search developments right into a single rating from 0, excessive worry, to 100, excessive greed.

This comes as BTC hovers above the US$68K degree, with extra traders treating US$60K (AU$91K) because the market’s stress level, with derivatives positioning and technical ranges clustering round that zone as sentiment throughout crypto continues to bitter.

As Crypto Information Australia reported, the biggest focus of open curiosity sits in put choices that pay out if Bitcoin falls beneath US$60,000. Open curiosity in these US$60,000 places is about US$1.24 billion (AU$1.90 billion). Just under, BTC’s 200-week transferring common, a long-term assist degree watched by many merchants, sits a bit of above US$58,000 (AU$88,740).

Learn extra: Australia’s SMSFs Embrace Crypto as Regulation and ETFs Fuel New Wave of Adoption

A Deep Crimson Market 

The temper shift has been constructing for months, with many market contributors tracing the break in confidence again to Oct. 10, 2025, generally known as 10/10. 

That day noticed what was described as the biggest liquidation wave in crypto historical past, with greater than US$19 billion (AU$29.07 billion) of leveraged positions forcibly closed in 24 hours throughout greater than 1.6 million accounts. 

Bitcoin fell about 14% and altcoins dropped way more sharply, exposing how shortly skinny liquidity and heavy leverage can flip a selloff right into a cascade. Sentiment has struggled to recuperate since.

The downturn can be exhibiting up in listed corporations tied to crypto costs and buying and selling volumes. Investor Michael Burry warned in a Substack put up that additional declines in BTC might translate into sizable losses for public corporations and doubtlessly spill into different markets. 

He argued the crypto asset has acted extra like a speculative commerce than a hedge, contrasting its current weak point with gold and silver reaching file highs on geopolitical pressure and forex issues.

Coinbase’s latest results underscored that strain with a This autumn income of US$1.78 billion (AU$2.72 billion), down 22% from a yr earlier and beneath the US$1.84 billion (AU$2.82 billion) analysts anticipated.

Associated: Coinbase Swings to $667M Loss as Crypto Slump Crushes Trading Volumes

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