7 月 12 日，据 Alternative 数据，今日加密恐慌与贪婪指数为 79（昨日为 71），市场情绪进入「极度贪婪」区间。
注：恐慌指数阈值为 0-100，包含指标：波动性（25%）＋市场交易量（25%）＋社交媒体热度（15%）＋市场调查（15%）＋比特币在整个市场中的比例（10%）＋谷歌热词分析（10%）。

<div><p>7 月 12 日，据 Alternative 数据，今日加密恐慌与贪婪指数为 79（昨日为 71），市场情绪进入「极度贪婪」区间。</p><p>注：恐慌指数阈值为 0-100，包含指标：波动性（25%）＋市场交易量（25%）＋社交媒体热度（15%）＋市场调查（15%）＋比特币在整个市场中的比例（10%）＋谷歌热词分析（10%）。</p></div>

加密恐慌指数升至79，进入「极度贪婪」区间

On July 12, according to <Alternative> data, today's crypto Fear and Greed Index is 79 (yesterday was 71), with market sentiment entering the "extreme greed" zone.
Note: The Fear and Greed Index threshold is 0-100, including indicators: volatility (25%) + market trading volume (25%) + social media heat (15%) + market survey (15%) + Bitcoin's proportion in the entire market (10%) + Google trend analysis (10%).

<div><p>On July 12, according to Alternative data, today's crypto Fear and Greed Index is 79 (yesterday was 71), with market sentiment entering the "extreme greed" zone.</p><p>Note: The Fear and Greed Index threshold is 0-100, including indicators: volatility (25%) + market trading volume (25%) + social media heat (15%) + market survey (15%) + Bitcoin's proportion in the entire market (10%) + Google trend analysis (10%).</p></div>

Crypto Fear Index Rises to 79, Entering the “Extreme Greed” Zone

In the crypto world, what truly determines victory is never code, but the interplay between liquidity, power, and regulation. The rise and fall of BUSD is not merely a tragic tale of a stablecoin, but a financial war waged by exchanges attempting to "unify the world."

When BUSD was thrust onto the historical stage, it carried not only a compliance narrative, but also Binance's ambition to reshape the stablecoin order through coercive measures—by manipulating exchange rates and merging trading pairs, directly swallowing competitors' liquidity into its own ledger.

The "automatic conversion" of 2022 was a textbook example of a blitzkrieg; and 2023...

The Rise and Fall of Binance's Dominance: From BUSD's "Unification" to $U's "Conquering the World"—The Stablecoin Wars

Source: Galaxy Research; Translation: Jinse Finance xz
Bitcoin's closing price in 2025 is expected to be roughly the same as the level at the beginning of the year.
The cryptocurrency market experienced a genuine bullish wave in the first ten months of this year. Regulatory reforms continued to advance, ETFs continued to attract funds, and on-chain activity became increasingly active. Bitcoin hit an all-time high of $126,080 on October 6th.
However, the market failed to deliver the expected breakthrough after the initial frenzy; instead, it experienced rotation, repricing, and rebalancing. This was driven by factors such as unmet macroeconomic expectations, a shift in investment narratives, leveraged margin calls, and massive...

Galaxy: 26 Predictions for the Crypto Market in 2026

Messari released "The Crypto Theses 2026," a report that predicts future trends in public blockchains, DeFi, AI, DePIN, and TradFi. From Messari's perspective, 2026 will be a pivotal year for cryptocurrencies, marking a shift from "speculative" to "system-level integration."

Author: Messari
Compiled/Translated by: ODIG Invest
Messari Releases "The Crypto Theses 2026"...