One month after Bitcoin hit a new all-time high above $125,000, fear continues to dominate crypto markets. The Fear & Greed Index — a social sentiment indicator tracking investor psychology — leaves little room for interpretation.

Sitting below 15 since November 11, the index reflects a state of extreme fear across the entire crypto ecosystem.

According to new data from Glassnode, short-term Bitcoin holders (STHs) — meaning investors who bought their Bitcoin within the last 155 days — are showing particularly weak hands.

For this cohort, the average purchase price hovers around $104,000.

As Bitcoin falls below that threshold, their reaction is almost immediate: panic selling and capitulation. These STHs act as the first domino, triggering a cascading market effect.

Withdrawals force ETFs to sell, while leveraged long positions are liquidated across derivatives platforms — reinforcing the downward pressure. In the absence of strong buying demand, the cycle feeds itself.

The $88K–$82K range is now a pivotal zone, according to Glassnode. A bounce could signal the beginning of a slow recovery — while a breakdown may confirm a return to a bear market.

💡 Bear Market: A bear market describes a prolonged period during which the prices of financial assets — such as stocks, bonds, commodities, or cryptocurrencies — decline significantly. The term references the downward motion of a bear’s attack, or its ability to hibernate until conditions improve.

Despite short-term turbulence, several long-term opportunities are emerging.

BlackRock — the world’s largest asset manager — continues expanding its crypto product offering.

After launching the iShares Ethereum Trust (ETHA), the firm has now filed for a staking-backed Ethereum ETF. Such a product could attract investors seeking yield. The current average staking APY for ETH sits around 3.95%.

Beyond exposure to Ethereum price fluctuations, this structure would allow holders to earn passive income — potentially reshaping how institutional investors approach crypto yield strategies.

However, the product must still pass regulatory approval before launching.

Mainstream integration remains one of crypto’s biggest adoption drivers — and fintechs are playing a major role.

Revolut, the mobile banking app serving over 65 million users across 38 countries, announced the integration of Polygon as the backbone of its crypto infrastructure.

From now on, all Revolut crypto transactions will run on this Ethereum layer-2 network. In November 2025 alone, the platform processed $690 million in volume via Polygon.

Revolut users can already trade stablecoins, make payments using a crypto-linked card, and earn yield through staking features — a suite now adopted by 14 million app users.

One month after Bitcoin hit a new all-time high above $125,000, fear continues to dominate crypto markets. The Fear & Greed Index — a social sentiment indicator tracking investor psychology — leaves little room for interpretation.

Sitting below 15 since November 11, the index reflects a state of extreme fear across the entire crypto ecosystem.

According to new data from Glassnode, short-term Bitcoin holders (STHs) — meaning investors who bought their Bitcoin within the last 155 days — are showing particularly weak hands.

For this cohort, the average purchase price hovers around $104,000.

As Bitcoin falls below that threshold, their reaction is almost immediate: panic selling and capitulation. These STHs act as the first domino, triggering a cascading market effect.

Withdrawals force ETFs to sell, while leveraged long positions are liquidated across derivatives platforms — reinforcing the downward pressure. In the absence of strong buying demand, the cycle feeds itself.

The $88K–$82K range is now a pivotal zone, according to Glassnode. A bounce could signal the beginning of a slow recovery — while a breakdown may confirm a return to a bear market.

💡 Bear Market: A bear market describes a prolonged period during which the prices of financial assets — such as stocks, bonds, commodities, or cryptocurrencies — decline significantly. The term references the downward motion of a bear’s attack, or its ability to hibernate until conditions improve.

Despite short-term turbulence, several long-term opportunities are emerging.

BlackRock — the world’s largest asset manager — continues expanding its crypto product offering.

After launching the iShares Ethereum Trust (ETHA), the firm has now filed for a staking-backed Ethereum ETF. Such a product could attract investors seeking yield. The current average staking APY for ETH sits around 3.95%.

Beyond exposure to Ethereum price fluctuations, this structure would allow holders to earn passive income — potentially reshaping how institutional investors approach crypto yield strategies.

However, the product must still pass regulatory approval before launching.

Mainstream integration remains one of crypto’s biggest adoption drivers — and fintechs are playing a major role.

Revolut, the mobile banking app serving over 65 million users across 38 countries, announced the integration of Polygon as the backbone of its crypto infrastructure.

From now on, all Revolut crypto transactions will run on this Ethereum layer-2 network. In November 2025 alone, the platform processed $690 million in volume via Polygon.

Revolut users can already trade stablecoins, make payments using a crypto-linked card, and earn yield through staking features — a suite now adopted by 14 million app users.