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Bitcoin Price Today: BTC Tests $64,120 as Fear Hits 11

Bitcoin Price Today: BTC Tests $64,120 as Fear Hits 11

Market Alert: “Extreme Fear” (11) & The Mechanics of High-Volume Capitulation

The digital asset landscape is undergoing a period of intense price discovery during the session for crypto trading Feb 24. Market participants are currently navigating a high-velocity “de-risking” event, as evidenced by the Crypto Fear & Greed Index crashing to a reading of 11 (Extreme Fear). This represents one of the lowest sentiment readings in recent years, historically appearing only during major structural market shifts.

As of this morning, the total crypto market capitalization has adjusted to 103.98 billion. In technical terms, this indicates a “Capitulation Event”—a scenario where high selling pressure is met by significant liquidity flush in…

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