The week of June 23-27, 2026 was one of the more defined risk-off periods of the year for both crypto and equities. The Crypto Fear and Greed Index fell to 12 during the peak selloff, BTC and ETH futures saw two sessions with over $1.7 billion combined in liquidations, and the stock market's own fear gauge pushed into extreme territory. By the end of the week, some indicators had started to recover. Others had not.
What did the Crypto Fear and Greed Index reach during the week of June 23-27, 2026?
The Crypto Fear and Greed Index fell to 12 on June 23-24 during the week's peak selloff, signaling extreme fear among market participants. By June 28, the index had recovered to 36, moving into the broader "fear" band without crossing back into extreme territory. The stock Fear and Greed Index ran parallel, hitting 24 during the same period. Both markets were pricing in significant risk aversion, though the degree of panic was sharper in crypto than in equities.
How large were BTC and ETH liquidations during the June 2026 selloff?
Two sessions drove most of the week's forced exits. On June 23, approximately $714 million in crypto futures positions were wiped out across exchanges, with Bitcoin accounting for $214.85 million and Ethereum for $176.33 million. June 25 produced another wave: BTC liquidations exceeded $413 million and ETH topped $226 million in a single 24-hour period. Long positions represented roughly 80% of forced exits in both sessions, as traders caught holding long exposure into continued downward pressure were systematically flushed out.
How were major wallet segments positioned during extreme fear?
Large wallet segments showed clear bearish skew through the week's risk-off phase. Mega Wallets held $1.537 billion long against $2.048 billion short, a negative bias of -0.46. PnL Champions showed the deepest bearish lean at -1.11, with $1.079 billion long versus $2.213 billion short. Elite Wallets were the outlier: they maintained slight net long exposure at a bias of +0.10, with $1.168 billion long versus $1.111 billion short.
What did the VIX and stock market sentiment show for the week?
The VIX closed at 18.89 on Friday, June 26, below the 20 threshold that typically marks elevated concern in equity markets. That reading came alongside the stock Fear and Greed Index at 24, its own extreme fear signal. Equity volatility was relatively contained even as sentiment data pushed into fear territory. BridgeBio's Phase 3 trial results provided a biotech catalyst during the week, while Conagra faced dividend pressure that weighed on consumer staples.
What economic data follows in the week of June 30, 2026?
Consumer Confidence prints on June 30. JOLTS job openings follow, consensus 7.28 million. ADP employment and ISM Manufacturing PMI (consensus 53.7) arrive July 1, with Fed Chair Warsh scheduled to speak the same day. June nonfarm payrolls follow on Thursday, July 2 at 8:30 AM ET. The labor data matters most: uncertainty about the Fed's next move means any surprise in NFP or the employment components will move yields and equities.
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