BTC has reached the extreme panic index range:
November to December 2018 - BCC fork event
March to May 2020 - 312Covid crash
May to July 2021 - policy suppression
June to July 2022 - LUNA crash event
November to December 2022 - FTX crash event
The above time periods have all reached this index range.
The current index is 17, and the most recent one was in June 22. These times have to consolidate in the panic range for 1 to 2 months. So there is still hope for the future. Don't give up. If you give up, you will really have nothing.
