The Fear & Greed Index is at 11, in the extreme panic zone. The sentiment ratio is evenly split with 42% positive and 42% negative. There are some interesting moves from institutions—Ethereum Foundation recently staked a large amount of ETH (close to 70,000 tokens), and BitMine has also been increasing their holdings, indicating a somewhat positive institutional outlook; however, at the same time, BlackRock’s ETH ETF experienced net outflows, creating some divergence.