The fear index has fallen to a record low — meaning the market officially acknowledged: "Yes, we are scared to death."
And the funniest thing: this is already the third time in 12 months.
The cycle of panic, the cycle of liquidations, the cycle of hysteria — and again the same thing.
Yes, the decline was sharper than previous ones.
Yes, we all "shit ourselves", and that's okay.
But the main fear is not for crypto — but for what lies behind such movements: geopolitics, wars, macroeconomics, or perhaps those who ignored risk management are really just being punished.
Here, no ‘technical analysis’ fairy tale will help.
Today everyone exhaled together.
Saw a bounce of 10–15% — and the classic kicks in immediately:
‘Oh come on, it’s past.’
Seriously?
And what if this is a dead cat bounce?
So it's a short bounce before they bury that same cat underground again?
Because the market loves this kind of scenario:
give relief — and then push down again, after which everyone will say:
‘Where did this come from?’
And now the main thing:
if it turns out well, and the market bounces back another 10–30% in the next 2–3 weeks, everyone will forget not only what happened — but that they were praying just yesterday not to be liquidated.
This is how a trader's memory works:
fear lasts a day, greed — a lifetime.
The market, as always, will live on.
New projects will emerge, old ones will fall, manipulations will continue both ways,
and traders will either panic or suffer from FOMO...