The current Fear & Greed index is at 70 points, indicating a state of greed. This index reflects investors' optimistic sentiment towards crypto assets, primarily driven by continuous inflows into Ethereum spot ETFs and institutions' positive attitudes towards stablecoins and digital assets. However, short-term volatility risks remain, influenced by forced liquidations in leveraged trading.
Market Snapshot
The current price of Bitcoin is $118,655.00, down 1.26% in 24 hours. The current price of Ethereum is $3,633.66, down 1.58% in 24 hours. Price fluctuations are mainly due to institutional selling pressure and forced liquidations of leveraged long positions, combined with whale transfers of large amounts of Bitcoin, leading to short-term market pressure, but ETF inflows provide support.
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