For the first time since February, the crypto market has officially entered a state of “Extreme Fear.” The key sentiment index plummeted to a score of 10 over the weekend as Bitcoin prices dipped.
Investors use this gauge to understand whether the market mood favors buying or selling, and a reading this low typically indicates high panic and potential overselling.
Despite the negative signal, some market professionals believe this sentiment is overdone and expect it to be short-lived, suggesting that periods of extreme fear have often preceded market rebounds.
