sentiment

The most recent reading of the group’s benchmark sentiment survey showed a net bearish result of 42.7%, up from 36.3% at the start of the month and the longer-term average of 31%.

The Crypto Fear and Greed Index, which is a composite measurement of crypto investor sentiment, was also flashing red, with the index at 20 out of 100, indicating “Extreme Fear.”

While stocks rallied to end November, market sentiment to start the new month seemed less sure, with Bitcoin—often the leading edge of risk sentiment—seeing a wave of selling.

“Bitcoin tends to be a leading indicator for overall risk sentiment right now, and its slide does not bode well for stocks at the start of this month,” Brooks said.

“Bitcoin tends to be a leading indicator for overall risk sentiment right now, and its slide does not bode well for stocks at the start of this month,” XTB’s Kathleen Brooks said in a note.