Cryptocurrency Fear and Greed Index Rises to 20, Market Still in 'Extreme Fear' State

**Feb 9th Update** Coin Bureau CEO Nic noted Bitcoin has closed below its 100-week moving average for the third straight week. The crypto is currently trading below its long-term trend line for 13 consecutive days. Historical data shows BTC typically stays below the long-term trend line for an average of 267 days once it drops below it. The shortest such stretch was 34 days during the COVID-19 pandemic. Per historical trends, the market is more likely to linger at low levels for an extended period. A quick rebound remains possible, but the longer Bitcoin stays low, the less probable that outcome becomes.

Binance announced on February 9 that it will delist the following trading pairs at 16:00 UTC+8 on February 10: ARDR/BTC, BB/BNB, BB/BTC, BERA/BTC, DIA/BTC, FLUX/BTC, GALA/FDUSD, GPS/BNB, GRT/FDUSD, GUN/FDUSD, ICP/ETH, ICX/BTC, KAITO/FDUSD, KERNEL/BNB, MANA/ETH, NOM/FDUSD, REQ/BTC, XNO/BTC, YGG/BTC, and ZRO/BTC.

On February 9, French public firm Capital B announced it had added 5 bitcoins to its holdings, bringing its total to 2,828.

On February 9, CryptoQuant analyst CW8900 reported that Bitcoin whales accumulated a significant amount of BTC amid the recent price downturn. Data shows that on February 6, 66,940 BTC flowed into accumulation addresses — marking the largest single-day inflow of 2022. Meanwhile, new large investors also seized the opportunity to ramp up purchases, withdrawing Bitcoin from exchanges to their personal wallets.

Per an official announcement dated February 9, Binance is set to launch trading for the ASTER/U, PAXG/USD1, SUI/U, and XRP/U trading pairs at 08:30 UTC on February 10, 2026.

February 9 (Financial Times) — This week, the University of Chicago’s Clark Center for Global Markets surveyed 45 economists, with nearly 60% rejecting Federal Reserve Chair Jerome Powell’s “AI Rate Cut Theory.” They contend AI’s impact on prices and borrowing costs over the next two years will likely be minimal, forecasting declines in PCE inflation and the neutral interest rate to fall by less than 0.2 percentage points in that period. Roughly a third of respondents noted the AI boom could even push the Fed to slightly lift the so-called neutral rate — the level where borrowing costs neither stimulate nor restrain economic demand. The survey suggests Powell’s push to win support from other Federal Open Market Committee (FOMC) members for his view that AI will drive rapid productivity growth faces hurdles. This could make it hard for him to deliver the size of rate cuts former President Donald Trump is seeking ahead of November’s midterm elections.