I saw that Bitwise is highlighting how extreme levels of anxiety in the crypto market could indicate that we are close to a bottom.

It's interesting because lately we are also seeing this type of signal in tech stocks — when fear reaches its peak, it's often the moment when smart money starts to enter.

The idea is that these panic indicators have historically preceded the strongest rebounds.
If you look at previous cycles, when sentiment hits absolute lows, it's not the time to run away but rather to evaluate opportunities.
Of course, it's not a guarantee, but it's a pattern that repeats.

So the question is: are the current levels of anxiety really a sign that the bottom is near?
Some traders see it that way, especially considering how tech stocks are reacting to the same macro factors.
We’ll see.