I just checked the fear and greed index in the crypto market and it's quite low. It's currently at 17, which means it has only increased by 3 points since yesterday, but it still signals extreme fear. If you look at the past few days, the average for last week was 15 and for the entire month it hovers around 13, so we are in quite a scared territory. These numbers in crypto generally indicate a lot of panic selling. When the index is this low, some traders see opportunities, but others are still waiting for it to drop further. It depends on your strategy, but it's definitely a time when market sentiment is in the red.