The post What’s Impacting the Bitcoin Price Today? Why Market Sentiment Has Slipped Into Extreme Fear appeared on BitcoinEthereumNews.com.

The post What’s Impacting the Bitcoin Price Today? Why Market Sentiment Has Slipped Into Extreme Fear appeared first on Coinpedia Fintech News The Bitcoin price is under pressure again. After weeks of choppy trading, selling has picked up, and sentiment has turned sharply negative. The Crypto Fear & Greed Index has dropped to 5, placing the market deep into “Extreme Fear” territory. Readings this low are rare. They usually show up during panic-driven sell-offs or extended downtrends. Derivatives data adds to the story. Open interest has declined, suggesting leverage is being washed out. Funding rates have cooled, showing fewer traders are willing to bet aggressively on a rebound. Large wallet activity has also increased in recent sessions.  As a result, the market has turned defensive: buyers are hesitant, while sellers remain active. Why Is Bitcoin Falling Today? The Bitcoin price has dropped by 4.71% over the past 24 hours, to $63,171, underperforming a broadly weak crypto market. The sell-off is primarily driven by the uncertainty from President Trump’s 15% global tariff announcement and six straight weeks of ETF outflows.  There isn’t just one trigger. Instead, several pressure points are building at the same time. Extreme Fear Sentiment: When the Fear & Greed Index falls to 5, it reflects broad pessimism. Retail participation tends to slow during these phases. Derivatives Reset: Open interest has dropped, signaling that leveraged positions are being closed. That removes fuel from the upside and can keep the price heavy. Whale Transfers: Large wallet movements have increased. While not definitive proof of selling, it often signals strategic repositioning. Retail Capitulation Signals: Search trends tied to Bitcoin’s decline have climbed, showing anxiety is spreading beyond just professional traders. Narrative Uncertainty: Concerns around long-term risks, including quantum computing discussions, have resurfaced. These remain theoretical, but in fragile markets, perception…

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Filed under: News - @ February 24, 2026 3:27 pm