Every time the panic index approaches single digits, the market indeed rebounds, indicating that this indicator is still reliable. Since 2023, there have been only three long periods of panic: July to August 2024, March to April this year, and now October. After each panic, it marks the starting point of a major rebound.
Currently, $BTC just needs to hold steady at 95000, if the reversal trend does not occur, a rebound in the market is still possible.
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Every time the panic index approaches single digits, the market indeed rebounds, indicating that this indicator is still reliable. Since 2023, there have been only three long periods of panic: July to August 2024, March to April this year, and now October. After each panic, it marks the starting point of a major rebound.
Currently, $BTC just needs to hold steady at 95000, if the reversal trend does not occur, a rebound in the market is still possible.