The Alternative.me Cryptocurrency Fear and Greed Index shows a sharp decline in investor sentiment to 29 points, the lowest level since early 2023. The decline was caused by Bitcoin falling below $54,000. The main catalysts for the decline were sales of confiscated bitcoins by the German and US governments, as well as “preventive sales” by the management of the bankrupt Japanese exchange Mt. Gox. Sales are likely to continue in the near future.