Crypto Fear & Greed Index drops to 30 following Binance hack, down from 30-day average of 56.
Security & Exploits ·
The Crypto Fear & Greed Index has dropped to 30 following the October 29 Binance hack, according to CryptoQuant, representing a sharp decline from the 30-day average of 56. The index had already been sliding prior to the incident, falling from 68 on October 22 to 51 in the days before the attack, indicating weakening sentiment predated the security breach.
CryptoQuant noted that the extent of the damage to market confidence and its durability remain uncertain. The analyst emphasized that both sentiment and price would need to sustain a recovery to signal a genuine improvement in conditions.
What remains unresolved is whether the index will stabilize near current levels, resume the gradual decline observed before October 29, or recover materially in the coming weeks.