⏱ 2 min read
The gauge is down 26 points from its Aug. 26 peak, as spot Bitcoin ETFs saw their worst outflow day since June.
Bitcoin traded just above $82,000 and the crypto fear and greed index fell to 56 on Monday, a neutral reading, according to the report. The gauge peaked at 82 on Aug. 26 and read 68 a month ago. Against that high, 56 is a drop of 26 points, and it is 12 points below the month-ago reading.
Index turns neutral as price slips
The cooling in sentiment coincided with a weekly slide of close to 5% for Bitcoin, the report said. The largest token hit $86,978 early last week, then fell to $81,749.83 on Oct. 8 before recovering to roughly $83,800 on Monday. It remains about 34% below its all-time high above $126,000 set on Oct. 6, 2025, the report said.
▼ 1.53%
Prices as of 2026-10-12 17:02 UTC. Source: CoinGecko.
Flows and macro readings move the same way
Fund flows moved the same way. The report says U.S. spot Bitcoin ETFs saw $484.9 million in outflows on Wednesday, their worst day since June, and another $244.1 million on Thursday. A $21.1 million inflow on Friday left the funds down a net $386.3 million for October. Ethereum funds extended their outflow streak to nine days, with $635 million out this month, the report said.
Macro readings also turned heavier, the report said. Brent crude topped $101 a barrel last week and the U.S. 30-year Treasury yield hit 5.70%, its highest since 2002. Stocks, gold and Bitcoin sold off together that day, which the report says points to a broad macro trade rather than a crypto-specific move. Brent was near $110 later, the report added.
Higher oil prices can feed consumer inflation. When inflation is high, the Federal Reserve is less likely to cut rates and may raise them. Higher Treasury yields increase the risk-free return and raise borrowing costs, which can draw money from risk assets such as Bitcoin.
Prediction markets echoed the shift. According to the report, traders on Myriad, a prediction market developed by Dastan, priced a 45% chance of Bitcoin touching $87,500 in October, down from 55% on Oct. 7. The odds of $90,000 fell to 28% from 36%. The report says traders now price 56% odds of a drop to $80,000, with 33% for $77,500 and 20% for $75,000.
Source: Decrypt.
This article was written with AI assistance and reviewed by an editor.
This content is for informational purposes only and does not constitute financial advice.
🧠 HafidWatch Take
The sustained outflows from Bitcoin and Ethereum funds alongside rising Treasury yields suggest investors are increasingly prioritizing safer, income-generating assets over riskier cryptocurrencies. This shift may indicate that crypto assets are becoming more sensitive to macroeconomic factors like inflation and interest rates than before. As higher oil prices contribute to persistent inflation, and the Fed maintains or raises rates, the environment could continue to pressure crypto prices downward in the near term, reinforcing the tighter link between traditional markets and digital assets.
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