Just checked the market indicators — the fear and greed index has dropped to 10 points, which is already extreme fear. A month ago it was 20, so the trend is clearly downward. It seems the panic in the crypto market is not subsiding.

Such a low level of the fear and greed index usually means investors are panicking. Everyone is worried, no one is confident about where the market will go next. This is reflected in behavior — people are either selling at a loss or not touching their positions at all.

Usually, when the fear and greed index is in such an extreme state, it can be a signal for experienced traders. But as long as the sentiment remains so gloomy, the market will be unstable. It’s worth keeping an eye on this indicator — if it starts to rise, it could indicate a turning point.