The Crypto Fear & Greed Index assesses investor sentiment towards the market, indicating their willingness to invest. After a prolonged period of high levels, the index recently dropped into Extreme Fear territory. This shift is significant as it has been a while since sentiment was this low, reminiscent of the FTX exchange collapse in 2022. The current score of 25, placing it in Extreme Fear, suggests a possible further decline. However, this situation historically presents a buying opportunity for investors to enter the market at lower prices before a potential recovery. The adage 'Buy when there is blood on the streets' emphasizes the advantage of purchasing during times of fear, as seen in the past with significant price rebounds. This current downturn could lead to a period of consolidation before a potential surge to new highs. Read more AI-generated news on: https://app.chaingpt.org/news