Fear and Greed Index has been at extreme fear for 16 consecutive days. But BTC has increased by 12% during the same period.

Sentiment and price are diverging. The entire market is shorting, funding rates are negative, and shorts are paying longs — yet the price just won't drop.
What does this resemble? The spring is compressed to its limit, but no one dares to loosen it.
Extreme fear itself is not scary. What’s frightening is extreme fear combined with a price that isn't falling.
The chips are quietly shifting from retail hands to those who are unafraid.
When the sentiment reverses and you jump in, you’re buying someone else’s take-profit orders.