Derived from CoinEdition, the CoinMarketCap Fear and Greed Index dropped to 39 on September 24, the lowest since March, signaling a sharp shift from neutral to fearful sentiment. Derivatives trading volume surged 14% weekly, with perpetuals reaching $1.42 trillion, while spot trading fell 31% to $162.95 billion. Bitcoin dominance remained at 57.72%, and open interest climbed to $1.07 trillion, indicating high leverage use. Regulatory optimism, including Grayscale’s Ethereum ETF approval, contrasts with bearish technical signals, such as Bitcoin breaking below $113,000.
Crypto Fear Index Hits 39 as Derivatives Leverage Surges and Spot Demand Weakens
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