Bitcoin Sentiment Remains in Extreme Fear for Nearly Two Weeks
- The Bitcoin Fear & Greed Index has been in the extreme fear zone for the past 13 days.
- Current index value is at a low of 23, indicating significant investor fear.
- The index uses five factors including market cap dominance and social sentiment to gauge investor mood.
The prolonged period of extreme fear suggests a persistent negative sentiment among investors in the market. Historically, such conditions have sometimes preceded market reversals, but no immediate change is evident as Bitcoin continues to consolidate.
Despite the extended period of extreme fear, Bitcoin’s price remains steady around $87,500, unchanged from last week, highlighting ongoing market uncertainty. (Source)
