Market Sentiment: Extreme Fear Continues to Spread

On April 9, the Cryptocurrency Fear and Greed Index dropped to 14 (from 17 yesterday), remaining in the "Extreme Fear" zone. The average over the past 7 days is only 10, and over the past 30 days is just 13, reflecting sustained low market sentiment. The index considers six indicators: volatility, trading volume, social media activity, market surveys, Bitcoin market share, and Google search trends. The reading has consistently remained low, which usually corresponds to significant price declines or sideways downward movement, with investors generally adopting risk-averse and cautious attitudes. The market is in a typical "Despair Valley," but several analysts point out that extreme fear often signals a window for long-term positioning. #Gate广场四月发帖挑战