The Bitcoin Fear & Greed Index has plunged to 10, hitting its lowest level since mid-2022, a period marked by a significant bear market. This dramatic shift in sentiment follows a recent crash in Bitcoin's price, which is currently around $84,700, reflecting a nearly 14% decrease over the last seven days. The index, which measures market sentiment on a scale of 0 to 100, indicates 'extreme fear' among traders, a stark contrast to the 'neutral' mood observed just days prior. Historically, such extreme fear levels have sometimes preceded Bitcoin bottoms, potentially signaling a buying opportunity for contrarian investors who capitalize on market dread.
Bitcoin Fear Greed Index Plummets to Lowest Level Since 2022 Bear Market Amid Price Crash
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