Bitcoin fear index falls to extremes seen at past lows
Crypto Fear and Greed Index fell to 10 as Bitcoin traded near $62,500, matching extreme readings at cycle lows near $3,000 (2018) and $18,000 (2022).
The Crypto Fear and Greed Index dropped to 10 on June 8, 2026, as Bitcoin traded near $62,500. The reading places market sentiment at levels that previously appeared around major cycle bottoms, including late 2018 and 2022.
The index, which scores market mood on a 0–100 scale using measures of volatility, momentum, volume and social signals, was 47 a month ago, fell to 23, then to 8, and settled at 10. Bitcoin is roughly 50% below its October 2025 peak near $126,200. At the latest reading, the token had a market capitalization of about $1.25 trillion and was down about 1.7% over 24 hours.
On-chain and trading charts tracked by market analysts show a sequence of weakening indicators before the price decline. A chart shared by analyst BitcoinVector compared Bitcoin price, price momentum and spot cumulative volume delta. Momentum dropped below a +0.5 threshold before the spot price broke down. At the same time, cumulative volume delta on spot exchanges flipped to roughly negative 1,000, indicating aggressive selling pressure. Momentum now sits close to a -1.00 floor on that chart.
Crypto analytics firm Swissblock outlined conditions that it views as an initial sign of recovery. The firm wrote that momentum needs to rise above -0.5 to suggest that the period of heavy selling is easing. Swissblock added that a return above that threshold could create scope for prices to reach the $70,000 area, while a continued failure to regain momentum could allow the decline to continue.
Historical price charts colored by the Fear and Greed Index show deep extreme-fear values clustering at major lows. Those readings align with the late-2018 bottom near $3,000, the March 2020 crash near $4,800, and the 2022 bear-market low near $18,000. Market observers note that extreme fear readings have sometimes persisted for weeks while prices continued to move lower.
Traders use momentum indicators and cumulative volume delta to assess whether buyers are absorbing selling pressure. A sustained negative cumulative volume delta points to more aggressive selling on spot exchanges. Market participants are watching for momentum, spot demand and price to move together before treating a low as a confirmed market bottom.
This report is for informational purposes and does not constitute financial advice.
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