The crypto market sentiment crashed to 'Extreme Fear' on Tuesday, November 4, 2025, as the Crypto Fear & Greed Index plummeted to 21 out of 100, halving from the previous day's score of 42. This marked the lowest level in nearly seven months, last seen on April 9 when it hit 18 amid reactions to US President Donald Trump's global tariffs.
Bitcoin (BTC) led the decline, briefly falling below $106,000 for the first time in over three weeks, with a 24-hour low of $105,540 on Monday. Although it recovered slightly above $106,500, BTC was still down 2% on the day, per CoinGecko data. The sentiment index has oscillated between 'Extreme Fear' and 'Neutral' since the early-October flash crash, when Bitcoin cooled from its October 6 peak of over $126,000.
Analysts cited reduced institutional demand and blockchain activity, coupled with concerns over a hawkish Federal Reserve, as key drivers. The Fed cut interest rates for the second time this year but signaled fewer cuts in 2025, dampening investor optimism. Last week, Bitcoin-tied ETFs recorded net outflows of nearly $800 million, with institutional buying dipping below the daily mined supply for the first time in seven months.
Adding to the turmoil, veteran trader James Wynn warned on November 3 of an intense fear wave, predicting Bitcoin could drop below $100,000 and calling it 'one of the worst weeks' for stocks and crypto in a long time. Market data revealed $478 million in crypto liquidations over 24 hours, a 377% surge, with $422 million from long positions. Open interest fell 1.64% to $154 billion, reflecting eroding confidence.
Despite the bearish outlook, historical trends offer a glimmer of hope: November has historically been Bitcoin's strongest month, with average gains of over 42%, leading some to anticipate a potential 'Moonvenber' rebound if Fed signals turn dovish or ETF inflows strengthen.
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