Market Sentiment Neutral as LINK and MNT Stay in Greed Zone, While CTC Falls into Fear

The cryptocurrency market on August 22 showed a cautious mood, with Upbit’s overall sentiment index holding steady at a neutral 51. Investor activity slowed as trading volumes weakened and short-term buying pressure eased, keeping the market in a watchful state rather than a bullish one.

Among individual assets, Chainlink (LINK) and Mantle (MNT) continued to reflect strong buying appetite, with sentiment scores of 72 and 68 respectively, placing them firmly in the greed zone. However, enthusiasm appeared to cool slightly compared to the previous day. On the opposite end, Creditcoin (CTC) dropped sharply into the fear zone at 36, signaling a rapid deterioration in investor confidence, alongside similar fear-driven sentiment in tokens such as BONK, Taiko, and Virtual Protocol.

The Upbit Premium—the price gap between domestic and global exchanges—remained at 1.55%, suggesting stronger local demand. Some tokens like GO, OBSR, and RLY recorded extreme premiums due to limited liquidity, while others such as USDS, ACM, and CITY traded at a discount compared to global prices, highlighting weaker domestic demand and short-term downside risks.

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