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– Bitcoin’s Fear Index Rises to 20, Exiting Extreme Fear – Bitcoin Price at $91,780 Amid Market Sentiment Shifts – Coinbase Premium Turns Positive After 29 Days

Market Sentiment and CZ's Advice

Binance founder Changpeng Zhao advised traders to "sell during maximum greed and buy during maximum fear."
The Crypto Fear & Greed Index rose to 20 from a low of 10, indicating a slight improvement in market sentiment.
Analyst Matthew Hyland noted this as the "most extreme fear level" of the cycle.

Bitcoin's Current Status

Bitcoin is trading at $91,780, below its all-time high of $126,000 but above the 2024 lows of $40,000.
Market discussions focus more on volatility and institutional actions than optimism.
The Altcoin Season Index is at 22/100, suggesting traders favor safer investments.

Historical Patterns and Current Risks

Historically, Bitcoin has rebounded after reaching extreme fear levels, as noted by analyst Nicola Duke.
Bitwise researcher André Dragosch cautioned that current pricing reflects a global recession outlook, posing risks for buyers.

Bitcoin Coinbase Premium Turns Positive

The Bitcoin Coinbase premium turned positive at 0.0255% after 29 days, indicating potential increasing buying interest in the US.
A positive premium suggests that the US price of Bitcoin is higher than the global average, signaling improved investor confidence.