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Fear and greed index drowned in June 2022

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The Crypto Fear & Greed index fell to the last time recorded in June 2022, Bitcoin ETF expanded the Blackrock spot its losing chain to seven days as the firm feelings acquired the encryption market.

The Crypto Fear & Greed index fell to 10, and it represents “extreme fear”, another level seen during the collapse Crypto Hedge Fund Three Arrows Capital (3AC), Terraform Labs and Crypto Lander Celsius.

Analyst Michael Van de Bobby, who owns more than 778,000 followers on X, noted that Bitcoin has risen about 500 % since the last time the Crypto Fear & Greed index decreased to 10.

He said: “It is a rare occasion where the feelings are very negative and the purchase opportunities are very good.”

The encryption market decreased by another 2.7 % over the past 24 hours to the market value of $ 2.86 trillion, according to Coinmarketca.

Bitcoin price decreased 3 % In the past 24 hours to trade at $ 85717.73 from 1:15 am EST, making the loss last week to 11 %.

Blackrock Spot Bitcoin Etf Blackrock Spot Bitcoin Etf

Blackrock Bitcoin ETF suffers from daily recordings abroad

Blackrock’s Ishare Bitcoin Trust (Ibit), which led the Bitcoin ETF market in terms of flows since the products launched in January of last year, have suffered from its largest flows in one day so far after 5000 BTC were withdrawn from the Fund’s reserves yesterday.

This equals 418.1 million dollars, according to data from Farside investors.

IBIT external flows followed a record day for the US 11th spot Bitcoin ETFS on February 24, which saw more than $ 1.1 billion leaving investment products collectively.

Along with IBIT, all other Bitcoin boxes, with the exception of the BRRR from Valkyrie and VNECK HODL, were recorded negative flows during the trading session yesterday. BRRR and Hodl register any new flows.

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