The devil is in the details: IEA’s record-breaking strategic reserve release fails to quench the immediate thirst | Bee Network
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Author | Asher (@Asher_ 0210) Crypto Market Sentiment Plunges to Extreme Fear, Yet Prediction Markets Keep Setting New Activity Records If you only look at the price action, there’s nothing particularly exciting about the crypto market right now. Following last week’s major crypto market crash, Bitcoin’s rebound has been limited, altcoins remain generally sluggish, and capital’s risk appetite has clearly contracted. The change in market sentiment confirms this: according to Alternative.me data, the Crypto Fear & Greed Index remained in the 25 (Fear) range last month, and yesterday it briefly dropped to 7 (Extreme Fear). Even with a slight recovery today, the market is still in the “Extreme Fear” stage. Crypto Fear & Greed Index Yet, against this backdrop, one vertical sector is showing a completely different trend—prediction markets are…# Analysis# defi# MarketPre
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- Original Source: Wall Street News The IEA announced the largest-ever release of strategic petroleum reserves, but the market quickly realized: what truly determines oil prices is not