Today the Fear and Greed Index dropped to 20, and the market has shifted into a state of "extreme fear."

The Crypto Fear & Greed Index fell to 20 on November 13 from 28 a day earlier, shifting the market from "Fear" into "Extreme Fear" territory, according to Alternative.me data. The drop marks a sharp deterioration in sentiment across the cryptocurrency market, with the index now deep in the zone that historically coincides with heavy selling pressure and risk aversion among traders. The reading reflects broad-based caution rather than a single-asset move, as the index aggregates volatility, market momentum, social media sentiment, dominance and trading volume data. It matters because sustained Extreme Fear readings have often preceded periods of elevated volatility, making sentiment a key gauge for traders watching for capitulation or contrarian entry signals. What to watch next is whether the index stabilizes above 20 or slides further, and whether spot volumes and Bitcoin dominance confirm the risk-off tone in the sessions ahead.