According to @CoinMarketCap, the CMC Fear & Greed Index is at 25/100, marking 47 consecutive days in fear territory, the longest streak since November 2024, with social sentiment at 4.74/10 and mixed signals (source: @CoinMarketCap). @CoinMarketCap reported three drivers for the sell-off: Italy’s Consob set a June 2026 MiCA compliance deadline, a Strategy reduced Bitcoin purchases by 93% from 134,000 BTC monthly to 135 BTC in December, and spot crypto trading volume fell 18% from $244B to $200B in 24 hours (source: @CoinMarketCap). @CoinMarketCap indicated that this extended fear and the 18% drop in spot volume reflect a risk-off environment that can affect BTC and broader crypto market liquidity in the near term (source: @CoinMarketCap).