Crypto market sentiment sank to its bleakest level since the FTX collapse after bitcoin’s sharp drop this week dragged prices across the board and forced a wave of deleveraging. The widely followed Crypto Fear and Greed Index fell to 9 on Friday, a reading categorized as “extreme fear” and one that has historically only appeared during major breakdowns in market confidence. The index stood at 12 a day earlier, 16 last week and 42 last month, suggestive of how quickly traders have shifted from cautious t ...