Bitcoin Holds $67K As Fear Index Stays In Extreme Zone
Cointelegraph
Despite the Crypto Fear and Greed Index signaling extreme fear, on-chain data suggests Bitcoin may be entering a long-term accumulation phase.Summary
The Crypto Fear and Greed Index has remained in the "extreme fear" zone for an extended period, yet Bitcoin has maintained its price level near $67,000. While geopolitical tensions and interest rate concerns have dampened sentiment, analysts note that selling pressure has not increased. On-chain metrics, including a decline in short-term holders and a record-high "whale ratio," suggest that long-term investors are accumulating supply as retail participation wanes. Although Bitcoin has recently underperformed against the S&P 500, these indicators may signal a potential bottoming process.
(Source：Cointelegraph)