Current Fear & Greed Index: 12
(full Extreme Fear zone!)
This is a very low level, sources like Binance Square are showing around 12-19. This means there is extreme fear among investors, people are panic selling, sentiment is super negative.
This extreme fear often signals that the market is oversold.
That means prices have dipped significantly and the bottom may be close.
Historically, there have been strong bounces from such lows.
However, caution is certainly necessary in the short term.
$BTC Bitcoin is currently fluctuating around ~$67,000-$68,000; if the $65k-$66k support breaks, a little more downside is possible.
Total market cap is below ~$2.3T, altcoins are also weak.
The vibes are completely bearish, but this extreme fear phase could also set up a perfect reversal if a positive trigger occurs, like macro news or whale buying.
For now:
HODL strong, be patient, and if you want to enter on a dip, many people use this Extreme Fear time.
The market is volatile, anything can happen! 🚀
#FearAndGreed #ExtremeFear #MarketSentiment
