According to CoinMeta, as reported by analyst Axel Adler Jr, after Binance was attacked on October 29th, the Crypto Fear & Greed Index dropped from 51 that day to 30, entering a fearful zone, which is significantly lower than the average of 56 over the past 30 days. The index had previously reached 68 on October 22nd, indicating that market sentiment had begun to weaken before the attack. Analysts believe that for market sentiment to continue to improve, there needs to be a concurrent confirmation of both an increase in the index and a rebound in prices.