A post by @WuBlockchain on X.

The Crypto Fear & Greed Index fell to 30 following the October 29 Binance hack, according to CryptoQuant, down sharply from a 30-day average of 56. Sentiment had already been deteriorating before the incident, sliding from 68 on October 22 to 51 prior to the attack. The index's drop into "fear" territory underscores how the hack has compounded an existing downtrend in market sentiment. CryptoQuant noted that a sustained recovery in both sentiment and price would be needed to confirm any genuine improvement. Traders will be watching whether the index stabilizes or slides further as the fallout from the Binance security breach continues to unfold.