I just looked at the Fear and Greed Index — it’s holding at 30%, meaning the market is clearly in panic. Bitcoin has fallen back into extreme fear, as it has often been before. It’s interesting to observe how the Fear and Greed Index fluctuates when BTC makes sharp moves. Recently, the sentiment has been clearly bearish — about 50% of traders are pessimistic. The Fear and Greed Index indicates that people are ready to sell, but this often means that the bottom is near. Previously, such a situation often preceded rebounds. I’m waiting to see how the situation develops further.

BTC0,39%
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