Crypto Fear and Greed Index Falls to 56 From August Peak of 82

The retreat from August's peak sentiment to pre-rally levels suggests October's macro pressures — oil, yields and ETF outflows — have done more than dent price; they have reset the mood that fueled the earlier rally. That matters because sentiment gauges tend to lag flows rather than lead them, so the question is whether ETF outflows stabilize or accelerate from here. A reading in the mid-50s is neither capitulation nor conviction, leaving room for the next macro print to set direction.