Have you seen the crypto fear index lately? It has been hovering around 30% for the past year, but recently Bitcoin has fallen back into extreme fear. It means market sentiment is really frozen.

If the crypto fear index is at this level, it’s a sign that investors are really cautious. Maintaining such a low level throughout last year indicates there’s underlying anxiety in the market, and it seems to be getting worse recently. When the fear index is this low, it usually means the market is in a downturn.

Personally, I’m curious about how long this extreme fear phase will last. For the crypto fear index to recover, market sentiment needs to stabilize a bit more, but based on the current situation, it still seems far off.