Crypto market sentiment has hit a low not seen since January last year, according to the Crypto Fear and Greed Index. This drop comes as Bitcoin struggles to break past the $60,000 mark, with the price falling back to $57,499 - a 23% drop from its all-time high in March. Analysts suggest this could be due to the German Government's recent sale of 16,254 BTC, and the repayment of Mt. Gox creditors, potentially flooding the market with $8.5 billion worth of Bitcoin. The last time the market was this fearful was in January 2023.