For old traders: Recall the doom in 2022 and compare this extreme fear figure with that. This is exactly how the charts looked but unfortunately the same was aggravated due to failing giant economies led by the US and we saw liquidations amounting to many billion dollars and $700B pulled out since yearly high. This is abnormal but with cryptocurrencies, you will need to learn that abnormality is its beauty!
Stay safe! Do not open aggressive positions but do buy the dip as BTC nears $50K.