BEARISH 📉 : Bitcoin Sentiment Hits Extreme Fear Amid 19% Price Drop

The Bitcoin Fear & Greed Index has dropped to a value of 9, indicating extreme fear among cryptocurrency traders. This is the lowest level since the 2022 bear market.

  • The index assesses trader sentiment using trading volume, volatility, market cap dominance, social media sentiment, and Google Trends.
  • A score above 53 indicates greed, while below 47 suggests fear. A value under 25 reflects extreme fear.
  • Recent market downturns have pushed the index deep into the extreme fear zone.

This level of fear was last seen in June 2022 during a significant bear market. Historically, such fear can lead to market bottoms as investors capitulate and long-term holders acquire more coins.

Bitcoin's price is currently around $67,100, having decreased by 19% over the past week.

Bitcoin Extreme Fear

Bitcoin Fear & Greed Index

Bitcoin Price Chart