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'Fear' returns to Bitcoin while long-term holders own just 3% of BTC unrealized losses
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Bitcoin (BTC) diving nearly 20% from all-time highs has finally taken its toll on market sentiment — investors are now "afraid."
According to the Crypto Fear & Greed Index, overnight losses on Nov. 19 removed the last traces of "greed" away from traders' minds.
As BTC price action headed lower this week, sentiment played catch-up as spot price contrasted with still bullish signals from markets.
Derivatives traders were — and to an extent still are — in a phase of exuberance, with some still betting
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