Bitcoin slips as Crypto Fear and Greed Index cools to 56

The Crypto Fear and Greed Index has fallen to 56, down from an August peak of 82, as Bitcoin absorbed hits from oil prices, bond yields and exchange-traded fund outflows in October.

As of October 12, 2026, Bitcoin was changing hands between $82,400 and $83,600. That followed a dip to a low of approximately $80,337 on October 8.

The move left Bitcoin down about 3% on the week.

The pullback lined up with heavy selling in US spot Bitcoin ETFs. On October 7-8, those funds saw a net withdrawal of $484.9 million. That was the largest single-day outflow since June.

BlackRock's IBIT accounted for about $207.7 million of those redemptions.

The Fear and Greed Index had been sitting near 80 in early October before sliding into the mid-50s by October 12.

The US 10-year Treasury yield climbed to approximately 5.3%. Brent crude, meanwhile, pushed above $100 per barrel amid geopolitical tensions in the Middle East.

Still, Bitcoin has held above several key moving averages, including the 50-week average, which sits at approximately $77,200.

For much of the past month, Bitcoin has bounced inside a range of $80,000 to $87,000. The October 8 low tested the bottom edge of that band without decisively breaking it.