Market sentiment has taken a sharp turn. If we look at the key mood data, the Fear and Greed index has plummeted to levels of 21, even touching the extreme of 10 recently. This underscores the immense pressure Bitcoin felt after falling, which triggered massive liquidations in major altcoins.
When we analyze the context of this movement, we see a series of concerning factors:
Thinner Liquidity: There is less money flowing in the ecosystem.
Negative ETF Flows: Bitcoin Exchange-Traded Funds (ETFs) are seeing more outflows than inflows.
Drop in Search of $BTC : The internet search interest in Bitcoin has clearly decreased.
The key question we all ask is: Is this just a temporary and hard correction, or $BTC and $ETH are entering a deeper cooling phase?
Share your opinion in the comments! Are we facing a buying opportunity or a risk of a drop? 👇
