Bitcoin is back under pressure as price retests the $62K–$64K zone, and sentiment just collapsed.
The Fear & Greed Index has plunged to 5/100 — officially Extreme Fear.
That’s one of the lowest readings seen since the index was introduced in 2018.
This drop comes after BTC rejected from the $68.6K area and slid more than 4%, wiping out the weekend bounce.
📉 What’s happening behind the scenes?
• Over 136,000 traders liquidated in 24 hours
• Nearly $875M in total liquidations across Feb 22–23
• Majority were longs → forced selling added fuel to the drop
• Realized losses averaging around $500M/day (capitulation phase)
• Sharpe Ratio deeply negative → risk-adjusted returns extremely weak
Recent buyers are exiting at a loss.
Confidence has been fading for weeks — this isn’t sudden panic, it’s sustained pressure.
Bitcoin now trades roughly:
• ~50% below its $126K ATH
• Slightly under the previous $69K macro peak
🧠 What does Extreme Fear mean?
Historically, readings this low have appeared:
• During major bear market bottoms
• During prolonged downtrends before further downside
• At high-probability accumulation zones
Extreme fear doesn’t guarantee a bottom.
But it does mean emotions are driving decisions.
When retail panics, smart money watches.
⚖️ This is the phase where:
Weak hands exit.
Strong hands plan.
And volatility rewards discipline.
Stay objective.
Follow structure, not emotion.
#Bitcoin #BTC #CryptoMarket #FearAndGreed #MarketSentiment $BTC