#Gate广场五月交易分享 Market Sentiment Panorama Scan

Quantitative Sentiment Indicator: The Fear and Greed Index has recently been gradually rebounding from an early-year low in extreme fear (around 5) to around 47, near neutral. The trend is improving, but after the FOMC, it faced another round of pullback pressure. Historically, when the index continues rising steadily from the extreme fear zone and breaks above 50, it is often a precursor to the start of a new market cycle. However, it has not yet broken through and been confirmed.
Social and Public Opinion Sentiment: After Bitcoin hit a historical high of $126,000 in October 2025, the current price of about $76,000 implies roughly a 40% pullback. The debate over whether to “buy the dip or keep falling” has continued to intensify on X/Twitter. Some “extreme bull” camp (such as believers in the “Bitcoin super cycle”) predicts that BTC will first drop to $57,000 before rebounding before October, standing in contrast to the other camp’s “institutional capital entering to support the floor” logic—this in itself reflects a market with big disagreement and low consensus.
JPMorgan and Morgan Stanley have successively rolled out Bitcoin ETFs and related services, showing that Wall Street no longer treats crypto as a peripheral asset. However, retail sentiment remains unstable—this structure of “institutions go all-in, while retail waits and watches” is the core reason why the current market can’t go very far and won’t collapse.