The Fear and Greed Index for BTC has reached a level of 10. Extreme fear, which was last seen in the market on February 27 of this year. Overall, it was much more common during the bearish year of 2022.
Today's situation resembles the late phases of a correction: panic sell-offs, declining liquidity, and increased pressure from retail participants. In the past, such periods have become entry points for large players and reversal points for the price.
What currently goes against such a scenario is the cyclicality of the crypto market. The second half of November in the fourth year of the cycle. In 2021, the correction in November was not a good entry point for #BTC.