Gate Research Institute: TNSR surges over 200% in 24 hours | Fear and Greed Index drops to 15

Cryptocurrency Asset Overview

BTC (-5.68% | Current price 86,923 USDT)

In the past 24 hours, BTC’s price has shown a clear downward trend, declining from above approximately $92,000. The decline accelerated under the influence of multiple significant one-hour K-line drops, with the lowest touching around $86,100, resulting in a substantial total decline. Moving averages (MA5, MA10, MA30) across all timeframes have aligned downward after the price broke below $90,000. The short-term moving averages quickly crossed below the medium- and long-term averages, indicating accelerating bearish momentum. Afterwards, Bitcoin briefly stabilized in the $86,000 to $87,000 range, accompanied by a slight rebound, but the rebound was limited and failed to recover key short-term moving averages, keeping market sentiment weak. Overall, BTC has experienced a sharp drop followed by a weak oscillation over the past day, remaining in a short-term recovery zone. It needs to be observed whether it can re-establish above $90,000 to alleviate downside pressure.

ETH (-6.14% | Current price 2,852 USDT)

Today, ETH’s price remains weak overall, showing a synchronized accelerated correction with BTC. After multiple failed attempts to rebound in the short term, it saw a significant decline on the 21st, with the lowest touching about $2,790. It then received some support around $2,800, but the overall rebound was limited. Chart analysis shows ETH has closed below its main moving averages (MA5, MA10, MA30) across several periods, with the moving average system diverging downward. Short-term moving averages repeatedly formed death crosses, indicating sustained dominance of bearish forces.

After breaking below $3,000, selling pressure intensified, with long red candlesticks amplifying market panic, causing ETH to drop further. Although a slight recovery occurred afterward, it still failed to effectively regain key short-term moving averages, suggesting weak buying interest. Overall, ETH has exhibited a “sharp decline followed by weak oscillation” pattern over the past 24 hours, with the $2,800 area serving as a short-term key support. To reverse the current downward pressure, the price needs to re-establish above $2,950–$3,000 to confirm a trend reversal.

GT (-4.20% | Current price 16.96 USDT)

Today, GT has been declining from above $10.7, repeatedly breaking through short-term moving averages (MA5, MA10, MA30), with a noticeable volume surge on the 21st, reaching a low of about $10.11. The price then found some support around $10.20, with a minor rebound, but overall remains constrained by downward-sloping short-term moving averages, indicating weak buying strength.

The moving average system over the past day shows a typical bearish arrangement, with multiple short-term moving averages crossing below longer-term ones (death crosses), reflecting a market still dominated by bearish sentiment. After breaking key support, GT has failed to recover quickly, leading to a low-range oscillation pattern. Overall, GT has performed weakly over the past 24 hours. If it cannot re-establish above $10.40 in the short term, it may face further downside risks; however, a strong breakthrough of the short-term moving averages could trigger a technical rebound.

Daily Gainers and Losers

Most tokens continue to decline, with market sentiment plunging into panic. BTC and ETH both fell more than 5%. Meanwhile, tokens like TNSR, DYM, and GRASS defied the trend, surging over 60% and even 100%, highlighting strong market enthusiasm and capital chasing.

TNSR Tensor (+228.49%, Market Cap $92.34 million)

According to Gate data, TNSR is currently priced at $0.2665, with an increase of approximately 228.49% in 24 hours. Tensor (TNSR) is a professional-grade NFT trading platform and ecosystem token built on the Solana blockchain. Its parent project is Tensor Foundation, which aims to provide deep trading tools, real-time analysis, and liquidity aggregation for NFT traders, creators, and high-frequency participants.

In the past 24 hours, Tensor (TNSR)’s price surged significantly, driven by both technical and fundamental improvements. First, TNSR broke through a multi-day downtrend channel strongly, triggering technical buy signals. Indicators such as MACD and ADX showed bullish signals, quickly reversing market sentiment. Additionally, activity in the derivatives market increased sharply, with open interest rising nearly 960%, indicating active leverage expansion by funds, which amplified trading volume and volatility.

DYM Dymension (+119.67%, Market Cap $68.64 million)

According to Gate data, DYM is currently priced at $0.1581, with a 119.67% increase over 24 hours. Dymension is a Layer 1 blockchain network based on Cosmos SDK, focusing on providing secure, liquid, and interoperable infrastructure for RollApps (modular blockchain applications).

Over the past 24 hours, DYM’s price rose markedly, mainly due to improved market sentiment and technical strength. First, DYM broke through a key resistance after a period of sideways consolidation, with trading volume surging and traders viewing this as a short-term trend reversal signal. Buying interest rapidly increased, accelerating the price upwards. Additionally, positive developments such as the growth in RollApps deployment within the Dymension ecosystem and increased cross-chain activity continued to ferment, boosting investor confidence in the project’s fundamentals and long-term potential. Social media exposure and trading platform activity also increased simultaneously, further attracting capital and driving DYM’s rapid short-term rise.

GRASS Grass (+68.72%, Market Cap $254 million)

According to Gate data, GRASS is currently priced at $0.562, with a 68.72% increase over 24 hours. Grass is a token operating within the Solana ecosystem, aiming to allow users to convert idle internet bandwidth into rewarded resources. Users can install the Grass app or browser extension to share unused bandwidth from their devices, which supports network data services and AI model training.

In the past 24 hours, GRASS’s price surged significantly, driven by several factors: firstly, rising interest in Grass’s DePIN (Decentralized Physical Infrastructure Network) + AI bandwidth economy model. Users and institutions are increasingly focused on “monetizing idle resources,” and Grass is positioned early in this space. Additionally, trading volume surged dramatically in this period, reflecting new capital inflows and changing market expectations for this token. Technically, GRASS broke out after consolidating at lower levels, with accelerating buy-in further pushing the price upward. However, rapid gains often come with higher volatility and risk of pullbacks; investors should remain cautious.

Market Insights

FG Nexus sold over 10,000 ETH to fund stock buybacks to support share prices

Ethereum asset management firm FG Nexus sold over 10,922 ETH (about $33 million) recently, combined with a $10 million loan, to repurchase 3,400,000 shares, accounting for approximately 8% of circulating shares, at an average buyback price of $3.45, below its per-share net asset value of $3.94. Following the announcement, ETH price briefly dropped about 2%, and Bitcoin declined roughly 1%, before partially rebounding.

This large sale highlights ongoing financial pressure faced by crypto-focused firms, with many companies’ stock prices falling below the net value of their crypto holdings. Last month, Ethereum treasury company ETHZilla also sold tokens worth about $40 million for stock buybacks. Currently, FG Nexus still holds about 40,000 ETH and $37 million in cash and USDC. Market concerns remain about how long these companies can sustain operations amid continued sell-offs of core assets.

Tether announces investment in Parfin to accelerate USDT adoption among Latin American institutions

Stablecoin issuer Tether announced a strategic investment in Latin American digital asset platform Parfin to promote institutional adoption of its flagship USD stablecoin USDT in the region. The investment aims to enhance the efficiency of financial institutions’ blockchain-based settlements, including cross-border payments, real-world asset tokenization (RWA), trade financing, accounts receivable, and credit market activities. Founded in 2019, Parfin focuses on providing digital asset custody, tokenization, trading, and management services for financial institutions, with regulatory registration and compliance licenses in Brazil, Argentina, and other Latin American countries. Tether stated that this investment reflects its belief that Latin America will become a global hub for blockchain innovation.

Fear & Greed Index drops to 15, market sentiment returns to “Extreme Fear”

The latest reading of the CoinMarketCap Crypto Fear & Greed Index is 15, indicating that market sentiment has plunged into “Extreme Fear,” a significant decline from yesterday’s 16, last week’s 25, and last month’s 30. The index has fluctuated dramatically over the past year, dropping rapidly from a yearly high of 88 in November 2024 and repeatedly hitting extreme lows in 2025. Along with the decline in the index, Bitcoin’s price and trading volume have also trended downward, with sentiment and price momentum weakening in tandem, reflecting continued reluctance of funds to enter the market.

The overall market experienced a relatively active greed phase from late 2024 to early 2025, but as macroeconomic and industry uncertainties increased, sentiment gradually weakened, frequently entering panic zones in the second half of 2025. The index is again approaching the yearly lows, indicating a significant contraction in risk appetite among investors. Many are shifting to a wait-and-see stance, with liquidity drying up, and short-term sentiment remaining under pressure.
References:

• Gate, https://www.gate.com/trade/BTC_USDT
• Farside Investors, https://farside.co.uk/btc/
• Gate, https://www.gate.com/trade/ETH_USDT
• Farside Investors, https://farside.co.uk/eth/
• Gate, https://www.gate.com/trade/GT_USDT
• Gate, https://www.gate.com/price
• Gate, https://www.gate.com/launchpool/BSU?pid=355
• Coindesk, https://www.coindesk.com/business/2025/11/20/ether-treasury-firm-fg-nexus-unloads-nearly-11k-eth-to-fund-share-buyback
• Panews, https://www.panewslab.com/zh/articles/fbeeb3e6-4a35-4462-889c-0d09055ea263
• Coinmarketcap, https://coinmarketcap.com/zh/charts/fear-and-greed-index/

Disclaimer Investing in cryptocurrencies involves high risks. Users are advised to conduct independent research and fully understand the nature of assets and products before making any investment decisions. Gate are not responsible for any losses or damages resulting from such investment decisions.