Crypto Market Analysis Today (10/17/25): Fear & Greed Index Hits 24

Jakarta, Pintu News – The crypto market is in a state of uncertainty after the Crypto Fear & Greed Index plummeted to a “Fear” level of 24 – a year-low.

This decline suggests that investor sentiment towards Bitcoin (BTC) and the crypto market as a whole is on high alert. However, according to Bitwise’s latest analysis, this is a golden opportunity for investors to accumulate, not a time to panic. Here’s the crypto market analysis for today, October 17, 2025!

Crypto market sentiment takes a hit, but it’s not the end of the world

The price of Bitcoin (BTC) fell to $108,971 (Rp1.8 billion) in mid-October 2025, sparking concerns that the bullish trend has lost momentum. This decline was also followed by a drop in Google search interest for the keyword “Bitcoin”, which is now at its lowest level in months.

According to a report by Cointelegraph, this level of fear reflects a similar pattern that once emerged in 2018 and 2022 – periods where crypto markets experienced exhaustion after major rallies. Nonetheless, Bitwise analysts emphasize that phases like these are more often the beginning of a recovery cycle, rather than a sign of a crash.

Read also: How is the Crypto Market Today (10/17/25)?

Bitwise: Time to Accumulate, Not Panic

Bitwise’s analyst team of André Dragosch, Max Shannon, and Ayush Tripathi mentioned that Bitcoin’s recent correction was more due to external factors such as the US-China trade tensions. The uncertainty triggered a wave of global risk aversion and made investors shift away from riskier assets, including cryptocurrencies.

In its weekly Crypto Market Compass report, Bitwise also noted an $11 billion drop in Bitcoin futures open interest – the highest ever recorded. Dragosch explained that this large wave of liquidation actually signals that selling pressure has been exhausted, opening up opportunities for contrarian buyers to enter the market, similar to the “Yen carry trade unwind” phenomenon in August 2024.

Bitwise added that their internal sentiment indicator is now at its lowest point since 2024, which is historically often the starting point for seasonal strengthening in the fourth quarter (Q4). In other words, extreme “fear” conditions like now are often a buy signal for experienced investors.

Read also: Price of 1 Pi Network (PI) in Indonesia Today (10/17/25)

On-chain data shows buying from retail investors

Data from Glassnode shows that small Bitcoin holders, those between 1 to 1,000 BTC, have increased accumulation in recent days. The buying from this group helps to balance out the decline in buying from large or institutional investors. This pattern signals that retail and mid-sized investors’ confidence in Bitcoin’s long-term potential remains strong, despite high market volatility.

However, data from CryptoQuant shows another side: since last week, Bitcoin miners have sent around 51,000 BTC to exchanges, the highest figure since July 2025. This activity usually indicates potential selling pressure, as miners tend to sell some of their assets to cover operational costs or hedge.

In addition, long-term holders have also started to unwind some of their positions. In the past 30 days, a record 265,715 BTC (€4.4 quadrillion) exited long-term wallets – the largest outflow since January 2025. However, the price of BTC still hovering around $110,000 (Rp1.82 billion) suggests that demand from institutions and ETFs may be absorbing this selling pressure.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Cointelegraph. Bitcoin fear index hits yearly low, but it’s time to accumulate, not panic: Bitwise. Accessed on October 17, 2025.
• Featured Image: Generated by Ai