Bitcoin's 5% slide on 22 February sends fear gauge to 5 as stablecoin supply falls

Bitcoin fell 5% within two hours on 22 February, sending the Crypto Fear and Greed Index to 5 on Monday, a level last seen in 2019, according to Joao Wedson. Over the past month, stablecoin supply dropped from $161.19 billion to $153.75 billion as USDT dominance rose and long‑term holders distributed 244,866 BTC on 5 February, Glassnode data show.