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Crypto in panic: the fear index has fallen to extreme levels
November 21, 21:00 UTC — the cryptocurrency market has plunged into extreme fear. The Fear & Greed Index has dropped to 11 — the lowest level in three years. This is not just a number, it's a signal of massive liquidations of major players.
Situation with Prices
Bitcoin retreated by 2.4% to $84,479, Ethereum fell by 3.8% to $2,736. Among altcoins, the situation is even worse:
The day started with a maximum of $85,341 (BTC, but ended closer to $82,623.
What does “technique” show?
Liquidations tell an interesting story:
This means that the market has sharply reversed — longs were liquidated earlier, now it's the shorters' turn. RSI Bitcoin has fallen to 31.32 — a classic signal of being oversold. Funding rates are positive )+0.003% for BTC, +0.01% for ETH(, but this could be a trap — traders are betting on a rebound.
Open interest has decreased: BTC futures -0.98% to $58.67B, ETH -2.5% to $32.39B. Speculators are closing positions.
News of the Day
Anchorage Digital has expanded the option for institutional investors — they can now stake HYPE tokens through the first chartered crypto bank in the USA.
BitMine showed results: $328.2M net profit for the year and promised to launch its own network for Ethereum staking in 2026.
Coinbase has launched a new tool – now users in the US can borrow up to ) million USDC against Ethereum collateral, while remaining the owners of the coin.
P.S. On the political stage: crypto lawyer Khurram Dara announced his candidacy for the position of Attorney General of New York — the first truly crypto-friendly candidate for this position.