The cryptocurrency market’s fear and greed index fell to a record low

The Crypto Fear & Greed Index dropped to 15 points out of 100, the lowest level since February, which, according to Santiment, indicates that investors are extremely pessimistic about Bitcoin BTC $94,708.00 Mezo Wrapped BTC -4.05% Market capitalization $48.7 million VOL. 24 hours $4.78 billion , Ethereum ETH $3,169.12 Bridged Ether (StarkGate) -2.04% Market capitalization $71.17 million VOL. 24 hours $3.1 billion , and especially XRP XRP $2.28 XRP -3.22% Market capitalization $137.12 billion VOL. 24 hours $0.6 billion . Analysts believe that such extreme market perception often precedes capitulation and could trigger an unexpected rally in November. Long-term investors are using this period to accumulate assets in anticipation of a trend change.

Santiment notes that the discussions around Bitcoin remain balanced between bulls and bears, while Ethereum shows a preponderance of positive comments. XRP, on the other hand, has become one of the most negatively perceived coins, with less than half of the mentions on social media being optimistic. The company calls the current moment the «scariest» in 2025 for XRP, but emphasizes that this is the situation that often precedes growth.

Bitcoin enthusiast Samson Moe believes that the market is «preparing for a stronger phase.» According to him, most of the sales are made by new entrants who entered the market over the past 12−18 months, while experienced investors are actively buying on the downturn. «These are not buyers of Bitcoin out of principle, but speculators who are simply reacting to the news,» Mo said, explaining that such a rotation of coins sets the stage for a more stable market in 2026.

Matt Hogan, Chief Investment Officer at Bitwise, is convinced that the real crypto boom is expected in 2026. He believes that the current lack of a sharp rise at the end of 2025 is in line with the typical four-year cycle of the crypto market. Hogan emphasizes strong fundamental factors such as institutional demand, stablecoin development, and tokenization, which form a solid basis for future growth.

Despite a «period of disillusionment» among crypto enthusiasts, interest from traditional investors is growing. The volume of investments in spot crypto ETFs is steadily increasing, which, according to analysts, indicates a gradual return of confidence in the market. Thus, the current fear may be the very factor that will kick-start new growth this November.