CRYPTO MARKET UPDATE : Sentiment Plummets as Fear Dominates the Space
The crypto market currently navigating one of its most turbulent periods in years .as of February 11, 2026, Extreme fear has become the defining sentiment, with the crypto Fear and Greet Index plummeting to a staggering low of 9/100 -levels not seen since the 2022 market crashes.
### The Sentiment Snapshot
The shift from "Greed" to "Extreme Fear" has been swift. Just months ago, Bitcoin was coming off a record high of $126,000 (October 2025). Today, the atmosphere is vastly different:
Current Index: 9 (Extreme Fear).
Monthly Trend: A rapid decline from 47 (Neutral) just 30 days ago.
Market Cap: Over $2 trillion has been wiped off the global crypto market cap since the October peak.
### Why is the Market Panicking?
Several high-impact events have converged to create a "perfect storm" for sellers:
Macroeconomic Pressure: Global markets are in a "risk-off" mode. Investors are fleeing speculative assets due to uncertainty surrounding U.S. jobs and inflation data, which has been delayed by a recent government shutdown.
The Bithumb Blunder: On February 6, South Korean exchange Bithumb accidentally distributed $40 billion worth of Bitcoin (620,000 BTC) to users instead of a small promotional reward. Though most was recovered, the brief 17% price flash-crash on the platform sparked global contagion.
Institutional Outflows: Spot Bitcoin ETFs, once the engine of the 2025 rally, have seen massive outflows. Reports indicate over $12 billion has left these funds since November.
Cascading Liquidations: Over $1 billion in leveraged positions were liquidated in a single 24-hour window last week as Bitcoin tested the critical $60,000 support level.
### Current Price Action (Feb 11, 2026)
While the market saw a brief "relief rally" over the weekend, prices remain suppressed:
