The Upbit composite index fell 2.44% week-on-week to 13,811.08 points, with Bitcoin identified as the principal factor behind the decline. The altcoin index dropped 3.13% during the same period, while Ethereum led the broader downturn. Performance lagged the Kospi by 7.92% and the Nasdaq by 3.95%, and market sentiment remained subdued.
As of 9:00 a.m. on the 23rd, the Fear and Greed index stood at 33, placing assets in the fear zone, with the weekly low at 29.72 and the weekly average at 32.41. Medium- to long-term returns remained weak, as the Upbit index recorded a 1-month change of -24.02% and a 1-year change of -31.22%, while the altcoin index fell 1 month by -30.32% and 1 year by -41.87%. Among sectors, only Lending (+2.38%) and RWA (+0.02%) rose, with Lending outperforming the Upbit index by 4.82% to become the week’s top sector; WLFI surged 12.67% to lead Lending higher, while RWA and Modular Blockchain (-1.60%) lagged.
Conversely, Fan Tokens (-11.54%), Stablecoin-related assets (-9.02%), and the Null sector (-8.43%) registered the steepest declines. Fan Tokens were pulled down by a 13.64% drop in CHZ (Chiliz), while ENA fell 18.23% among stablecoin-related assets. Weekly top asset was Enso (+79.40%), with AWI at the bottom (-42.03%), and in the fear-greed spectrum, Kite (86.30, +22.40%), Mantra (81.45, +18.59%), and Orka (46.11, +28.97%) stood out as greed assets, while Optimism registered 12.48 and dropped 35.36% for the week.
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