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Fear Index drops to 18, extreme panic, with only one core reason:
The ongoing escalation of Middle East geopolitical conflicts.
War risks are at their maximum → Global funds are seeking safe havens → Panic selling of risk assets → BTC, ETH, and U.S. stocks are under pressure across the board, and sentiment has plunged to freezing point.
The recent sharp surge is essentially panic correction:
Trump's statement supporting maritime navigation in the Strait + Iran's signals of peace, rapidly cooling geopolitical risks.
Funds are flowing back, short covering is happening, and the market is beginning to recover from extreme panic with a rebound.
In one sentence:
The index is extremely low, caused by war fears;
The sudden surge is panic retreat.
Currently, it’s a phase of geopolitical easing + emotional correction, with volatility still intense before the halving. $BTC $ETH