Over the past year, the Fear and Greed Index has been fluctuating around 30%, but it seems that Bitcoin has recently returned to an extreme fear state. Looking at the chart, market sentiment appears to be quite negative.

People who frequently check the Crypto Fear and Greed Index already know, but the lower this indicator, the more it shows how anxious market participants are. Maintaining around 30% over the past year indicates that the market has been consistently cautious. Since there's a recent downward trend again, I think we need to watch more carefully.

When the Fear and Greed Index is this low, there are usually two signals: one is that it's a really dangerous situation, and the other is that some traders see it as an opportunity. Anyway, I will keep monitoring these market sentiment indicators and watch for the next move.