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Crypto Sentiment Crashes to 2022 Lows as Bitcoin Breaches $60K Threshold

Crypto Sentiment Crashes to 2022 Lows as Bitcoin Breaches $60K Threshold

Author:

Global Cryptocurrency

Published:

2026-02-06 07:21:02

22

2

BTCCSquare news:

Market fear reached extremes unseen since the Terra collapse as bitcoin plunged 13% in 24 hours to $60,000. The Crypto Fear & Greed Index collapsed to 9/100—a level last recorded during June 2022's blockchain contagion.

Leveraged longs fueled $2.7B in liquidations across 588,000 positions. Technicals turned ominous with BTC breaking its 200-week EMA—a threshold previously signaling bear markets—now 50% below its $126K peak.

Parallel selloffs in AI-exposed tech stocks and softening labor data exacerbated the rout. 'This isn’t just crypto-specific—it’s a risk asset liquidation event,' said one trader at Binance who requested anonymity.

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