Bitcoin Greed Falls To Record Low, Nearing 60-Days of Fear
The Bitcoin Fear and Greed Index has reached a record low of 8, marking its 59th consecutive day in 'Extreme Fear,' a level not seen since the FTX collapse.Summary
The Bitcoin Fear and Greed Index currently sits at 8, indicating “Extreme Fear” and representing the 59th consecutive day below 25 – the longest streak of pessimism since the FTX implosion in late 2022. This index combines data from price volatility, market momentum, trading volume, Bitcoin dominance, social media, and Google Trends. Unlike previous downturns triggered by specific events like the Terra/Luna and FTX collapses, the current decline stems from sustained macro pressures, including restrictive Federal Reserve policies, escalating trade tensions, and a strong US dollar. Historically, extreme fear has often preceded market recoveries, but the timing varies; the current situation resembles the prolonged compression following the FTX collapse more than the rapid rebound after the 2020 COVID crash. Interestingly, while retail sentiment is down, long-term Bitcoin holders are moving their assets to self-custody instead of selling, and institutional investors are maintaining their positions, suggesting potential conviction despite the prevailing fear.
(Source：BeInCrypto)