Key Insights
- •Changpeng Zhao emphasizes buying during extreme crypto market fear as sentiment briefly rose from 20 to 28 on the Fear & Greed Index.
- •Tokenized U.S. Treasury funds top $7 billion, showing strong on-chain adoption despite low market confidence.
- •Major crypto assets see mixed gains as Bitcoin nears $91,200 in a stabilizing market.
Market Sentiment Shows Brief Shift
The crypto market briefly moved out of extreme fear on November 29, 2025, after the Fear and Greed Index rose from 20 to 28. This shift drew attention as Binance Founder Changpeng ‘CZ’ Zhao repeated his view that strong fear can offer buying chances. At the same time, key market figures analyzed recent sentiment and price behavior to predict the next direction. The digital asset market showed a sharp drop in confidence for more than two weeks before the Fear and Greed Index finally moved higher. The index stayed below 20 during the long slide, which placed it in the extreme fear range. It then climbed to 28 on November 29, 2025. This small rise attracted fresh comments from several industry figures.
Changpeng Zhao on Crypto Market Sentiment Shift
CZ shared a short message that stressed his long-held view. He said that buying during strong fear and selling during strong greed has helped many traders. Meanwhile, CZ did not link the comment to a specific asset. His message appeared soon after data platforms confirmed that the index had moved out of extreme fear. Bitcoin traded close to $91,352 on the same day. A chart posted by analyst Ki Young Ju showed the link between price moves, volume changes, and sentiment shifts. The chart covered several months of activity and marked areas of greed, neutral sentiment, fear, and extreme fear.
It also showed how Bitcoin moved from steady levels to brief rises and declines while the index fluctuated. Daily readings of the index often influence short-term discussions. They show how traders react to price swings and news. While the climb to 28 showed a small change in mood, the crypto market soon resettled into the fear zone, since the reading went back near. This suggested that many participants have a reduced appetite for risk. Crypto market watchers noted that the index does not forecast direction, but it helps traders understand broad conditions.
Analysts Note Growth in Tokenized Treasury Funds
Another discussion point came from Merlijn The Trader. He shared new data on tokenized U.S. Treasury funds. As detailed, the market cap for these funds has reached $7 billion. He said the number grew 50 times since 2024.
This data suggested that more investors are placing assets on-chain for stable yield. He said that this shift could be the early part of a larger trend. Merlijn also suggested that it might shape future movements as investors look for safe products with steady returns. This growth in tokenized funds added a different angle to the wider sentiment story. It showed that even during fear, some parts of the market continue to expand. Many observers noted that the rise in tokenized funds could attract new users who want to reduce risk while still taking part in blockchain activity.
Market Data Shows Mixed Moves as Sentiment Improves
It is worth mentioning that CoinMarketCap data shows varied performance across major assets. While Bitcoin price gained 1.62% in 24 hours, Ethereum rose 2.26%. XRP also increased slightly, and BNB showed the strongest rally among the profiled altcoins. Stablecoins such as USDT and USDC maintained their pegs at $1, a sign of general market stability. The CMC20 Index traded near $191.96 and recorded a 1.95% daily gain as the wider market cap stood at $3.09 trillion. These numbers showed that activity remains at positive levels while sentiment remained low.
Many traders are monitoring both price changes and the shift in fear levels after the long period of extreme readings. The move from 20 to 28 did not signal a full recovery, but it showed that conditions might be stabilizing. Market watchers said that the index will likely remain a common reference point moving forward. Many also noted that the message from Changpeng Zhao repeats a simple guideline that traders have been discussing for years. Per the general outlook, strong fear can create unusual conditions, though results always depend on wider market behavior.