๐ Bitcoin's Fear and Greed Index has hit a 6-month low, mirroring the mood after the FTX collapse in 2023. But don't go selling your grandma's jewelry just yet! Remember, Bitcoin rallied to $22,000 after that dip.
This time, the panic is fueled by Germany offloading its Bitcoin stash and Mt. Gox repaying creditors. But hey, who doesn't love a good clearance sale?
On the bright side, Bitcoin held on exchanges is at a multi-year low, and miners are running out of reserves to sell. Plus, fund investors are buying the dip like it's a Black Friday sale. So, keep calm and HODL on! ๐ช #BitcoinNews #MarketTrends