The Fear & Greed Index just printed 8 out of 100.Bitcoin's Fear & Greed index hit 8 — Extreme Fear — as BTC bounced off its recent low of $59,100 and attempted to reclaim $63,000. The bounce came after U.S. President Donald Trump commented on a possible agreement with Iran, briefly lifting risk sentiment. OpenPRLet's talk about what a score of 8 actually means.The last time Fear & Greed hit single digits was during the deepest lows of major crypto corrections — moments that, in hindsight, turned out to be the best buying opportunities in Bitcoin's history. Not because the bottom was called perfectly, but because extreme fear almost always marks the zone where smart money steps in.The current market data: Bitcoin's seven-day loss stands at 10.3%. Short liquidations hit $461.63 million — more than three times long liquidations of $142.62 million — indicating a massive short squeeze that briefly pushed BTC back above $63,000. Bitcoin led all assets with $279.54 million in liquidations, followed by Ethereum at $167.94 million. CoinbaseTrader Scott Melker noted Bitcoin may be forming a weekly bullish divergence from oversold RSI, writing: "Need this week to close with a clear elbow up on price and RSI." The signal remains unconfirmed — price and momentum must turn higher together. OpenPRTwo scenarios from here:
🐂 Bull case: Short squeeze continues, Iran deal progress removes geopolitical risk premium, SpaceX IPO June 11 brings risk-on wave → BTC reclaims $64,000–$68,000
🐻 Bear case: Relief rally fades, macro stays tight with zero Fed cuts priced in, ETF outflows resume → BTC retests $59,100 or lowerOne thing is certain: nobody rings a bell at the bottom. Fear & Greed at 8 doesn't guarantee a reversal. But it does mean the crowd is maximally scared — and historically, that's not when you should be.Are you buying, holding, or exiting at these levels? 👇