Wall Street Is Now More Scared Than Crypto Traders After a 70% Fear Gauge Spike

The VIX spiked 70% and CNN’s fear gauge reached 20 after a Nasdaq selloff, while crypto sentiment fell to 28, leaving Wall Street more fearful than crypto traders. The gap matters because it reverses the usual pattern in which digital assets lead risk-off moves, and it suggests traditional equities are now the main source of market stress. Watch whether the VIX holds near 20 and whether crypto sentiment at 28 stabilizes or breaks lower, which would signal whether the divergence is temporary or the start of broader risk aversion.