Cryptocurrency Fear and Greed Index Plunges to 15, Market in 'Extreme Fear' State

On November 13th, according to HTX market data, Bitcoin has seen a rebound and exceeded $104,000, registering a 24-hour gain of 0.52%.

November 13th: President Trump of the United States signed a temporary funding bill, officially bringing an end to the longest government shutdown in U.S. history, which lasted for six weeks. This bill will provide funding for the federal government until January 30th, 2026, thereby averting the short-term economic shutdown risk. However, the White House cautioned that the October non-farm payroll and CPI reports might be permanently lost due to the shutdown, leaving the Federal Reserve in a state of "flying blind" regarding whether to further cut interest rates in December. Currently, the market generally anticipates that U.S. bond yields may continue to decline, and the U.S. dollar index may come under short-term pressure. For the cryptocurrency market, the "information vacuum period" created by this policy and data gap will lead funds to be more inclined to avoid the uncertainty of traditional financial assets. After the news was announced, Bitcoin (BTC) briefly rebounded to $102,1

On November 13th, Justin Sun, the founder of the Tron Foundation, responded to the ruling of the Dubai Digital Economy Court on X. He expressed appreciation for the court's issuance of a worldwide freeze order for the first time to protect the rights of TUSD holders. Justin Sun said, "Justice may be delayed, but it will never be absent." This freeze order involved $456 million in funds related to Justin Sun's rescue of the TrueUSD issuer Techteryx. In the ruling, the Dubai Digital Economy Court pointed out that Techteryx had "serious issues to be resolved" and determined that the funds in question should be held in trust to prevent improper transfer or concealment of assets. These funds had been controversial due to the TrueUSD reserve gap issue and involved Dubai trade finance company Aria Commodities DMCC. The incident dates back to the period between 2021 and 2022 when part of the TrueUSD reserve funds flowed into Aria's company account managed by Hong Kong trustee First Digital T

On November 13th, as monitored by Onchain Lens, the Bitcoin whale Owen Gunden once more deposited 2,401 BTC into Kraken, with a value of $244.96 million. Owen Gunden still retains 2,499 BTC, which is worth $258.58 million.

On November 13th, Japan's Bitcoin custodian company DAT disclosed its third-quarter financial report. The sales revenue reached ￥2.401 billion, showing a 94% increase compared to the previous quarter. The operating profit was ￥1.339 billion, with a 64% growth from the previous quarter. The net profit was ￥1.27 billion. The net assets were ￥532.9 billion, experiencing a 165% increase from the previous quarter.

On November 13th, on-chain analyst Murphy released BTC data analysis. With the conclusion of the U.S. government shutdown, market panic eased somewhat. However, BTC has not yet witnessed a rapid rebound. There are two bullish aspects in the on-chain data of BTC: the balance of BTC within Binance has begun to decline, suggesting that some funds are starting to gradually enter the market and digest potential selling pressure. Yesterday, after BTC's price rebounded to $105,000, it fell again, resulting in a loss of $170 million on that day. Compared to $540 million on November 4th and $350 million on November 7th, although the BTC price is similar, the realized loss amount has significantly decreased. Market sentiment is gradually adapting to the weak performance of the market, and panic sentiment has not further intensified. There are still two unfavorable aspects in BTC's on-chain data: according to the purchasing power monitoring data within the Binance platform, the market has not ye