Fear and Greed Index in Fear 30% of the Past Year, BTC Back in Extreme Fear
CoinDesk
Bitcoin has returned to extreme fear territory, with the Fear and Greed Index at 17, reflecting over 30% fear readings in the past year.Summary
Market sentiment for Bitcoin has dropped back into the extreme fear zone, with the Crypto Fear and Greed Index currently at 17. This indicates that over the past year, fear or extreme fear has dominated the readings for more than 30% of the time. Bitcoin is currently trading nearly 30% below its October all-time high, contributing to elevated investor caution. This fear sentiment mirrors a similar trend in U.S. equities, where the CNN Fear and Greed Index signals fear despite the S&P 500 trading near its peak. The article also notes that Bitcoin entering a 'death cross' in November coincided with a local bottom near $80,000, reinforcing the pattern's relevance as a contrarian indicator during this market cycle.
(Source：CoinDesk)