Today, while scanning the blockchain and analyzing sentiment data, I found that the $BTC Fear and Greed Index has entered the "Extreme Fear" zone (deep red).

CN
Phyrex
5 days ago

Today, while scanning the blockchain and analyzing sentiment data, I found that the $BTC Fear and Greed Index has entered the "Extreme Fear" zone (deep red). Since 2018, every time it has reached extreme fear, it has almost corresponded to a mid-to-long-term buying opportunity. Although this does not mean that the price has bottomed out, it often indicates that the risks have been fully priced in by the market, and the emotional sell-off has begun to gradually shift.

In simpler terms, based on historical indicators, there may still be a possibility of a decline at this position, but it is a time to buy rather than panic sell. The market always nurtures the next round of increases during the most pessimistic times.

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