Crypto Winter Deepens As Altcoin Season Stalls And Only Zcash Manages A Lift
Fear still hangs over altcoin season, but the sharp edge of panic has softened. The Crypto Fear and Greed Index is now 25, a modest recovery from November’s plunge near 10, yet the mood remains unsettled, and traders continue to move with hesitation rather than conviction.
Bitcoin sits just above $91,000 after falling steadily from yesterday’s $92,000, marking a 2% decrease over 24 hours.
Altcoins move inside that same heavy climate. Most large names sit in the red today, liquidity stays present, but flows lean toward defense, and new money prefers short-dated trades instead of long commitments.
Against that background, Zcash is one of the few popular tokens in positive territory, while Ethereum, Solana and Hyperliquid track the downtrend, which gives a clean snapshot of where capital still experiments and where it pulls back.
Bitcoin And Sentiment After November’s Shock
Bitcoin continues to dictate the tone. Derivatives screens show a reduction in leverage across both long and short positions, while spot flows lean toward sellers who continue to trim exposure after several weeks of steady declines.
Price action carries the look of a market still searching for stability, not one ready for a quick reversal.
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