On November 16, the Crypto Fear & Greed Index stood at 21, in the extreme fear zone, down from 39 a week earlier. During the same period, $ETH briefly fell to around $1,709, while $XRP dropped to around $0.8922, its lowest level since November 2024. It is down about 36% so far this quarter.
The index is a lagging indicator; a reading of 21 merely records what has already happened. What matters more is where the money is going: U.S. spot XRP ETFs saw net outflows of $19.13 million for the week of November 13–14, their largest weekly outflow in about eight months. The combined market cap of $USDT and USDC fell to $244 billion, shrinking by about $17 billion in a month.
When stablecoin supply contracts along with prices, it suggests some funds are leaving the market outright, rather than moving into stablecoins and waiting on the sidelines. A one-month window isn’t enough to tell whether investors are leaving or just waiting; next week’s stablecoin market cap and ETF flows should offer more clarity.
#加密恐慌指数 #资金流向 #ETH
The index is a lagging indicator; a reading of 21 merely records what has already happened. What matters more is where the money is going: U.S. spot XRP ETFs saw net outflows of $19.13 million for the week of November 13–14, their largest weekly outflow in about eight months. The combined market cap of $USDT and USDC fell to $244 billion, shrinking by about $17 billion in a month.
When stablecoin supply contracts along with prices, it suggests some funds are leaving the market outright, rather than moving into stablecoins and waiting on the sidelines. A one-month window isn’t enough to tell whether investors are leaving or just waiting; next week’s stablecoin market cap and ETF flows should offer more clarity.
#加密恐慌指数 #资金流向 #ETH