Crypto Fear & Greed
25
Extreme Fear
Source: Alternative.me, November 11, 2022
Bitcoin price
$15,800
30-day change
-27%
Lower 30 days later
What happened
The FTX collapse in November 2022 was the crypto industry's Lehman Brothers moment. Within a week, the $32 billion exchange went from apparent strength to bankruptcy after CoinDesk revealed that Alameda Research's balance sheet was largely composed of FTT tokens. The resulting bank run, failed Binance acquisition attempt, and criminal charges against Sam Bankman-Fried sent shockwaves through the entire crypto ecosystem. Bitcoin fell to $15,500, contagion spread to BlockFi, Genesis, and others, and regulatory scrutiny intensified globally. Alternative.me's Crypto Fear & Greed Index read 25, Extreme Fear, as confidence in the entire crypto industry cratered.
Key narratives
- Exchange insolvency
- Contagion risk
- Regulatory crackdown
About the score
The score is the daily value of the Crypto Fear & Greed Index, Alternative.me, a composite of market and attention data. Perception’s own media-based reading for the same day is in the daily sentiment archive for November 11, 2022.
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