Bitcoin Sentiment Swings From Greed To Extreme Fear In Six Days

Recent data indicates a significant shift in Bitcoin market sentiment, as the Fear & Greed Index has moved into the "extreme fear" zone.

Key Points

The Fear & Greed Index, developed by Alternative, reflects trader sentiment using factors like market cap dominance, trading volume, volatility, Google Trends, and social media sentiment.
The index ranges from 0 to 100, with values above 53 indicating greed and below 47 indicating fear. Extreme fear is represented by values at 25 and under, while extreme greed is above 75.
Currently, the index sits at 24, marking a shift from a previous value of 61 on January 15th, which indicated greed.
This change follows bearish price actions linked to new tariffs announced by US President Donald Trump affecting several European countries over Greenland.
Historically, extreme fear zones may precede market bottoms, suggesting potential future stability or growth.