The Crypto Fear and Greed Index registered a reading of 13 on Saturday, November 14, marking a level of extreme fear and the lowest point in approximately five months. The index, which measures cryptocurrency market sentiment on a scale from 0 to 100, has declined sharply from a neutral reading of 53 earlier in the month.
The sentiment decline coincided with a broad weekend market slump. Bitcoin fell 2.97% over the past 24 hours to trade at $67,093, while Ethereum dropped 2.50% to $1,904. Other major cryptocurrencies also declined, with BNB down 3.47%, XRP down 2.81%, and Solana down 5.82% over the same period.
The weekend downturn wiped roughly $31.83 billion from the global cryptocurrency market capitalization, which now stands at $2.25 trillion. The market saw $651.29 million in liquidations over 24 hours, with 132,087 traders liquidated. Long positions accounted for $540.61 million in liquidations, while short positions represented $110.70 million.
Institutional Outflows Accelerate
Crypto exchange-traded funds experienced significant outflows throughout the week ending November 13. Bitcoin ETFs saw outflows every day of the week, with $1.07 billion flowing out of US spot ETFs. Ethereum ETFs recorded $393.85 million in net outflows, while Solana ETFs saw $32.05 million in net outflows and XRP ETFs recorded $19.13 million in net outflows.
The consistent outflows indicate that institutional investors are approaching the market with caution amid the broader price decline. Market participants will be watching whether Bitcoin sustains support above $67,000 in coming trading sessions, as this level may influence investor sentiment heading into the new week.
