📉 Bitcoin Fear and Greed Index hits a new low!

Next topic, let's talk about Bitcoin's Fear and Greed Index. 😲Just yesterday, the index fell to 26, marking the market's entry into the panic phase. The last time we saw the index reach such a low point was at the end of 2022 to the beginning of 2023.

Looking back at Bitcoin's historical candlestick chart, when the Fear Index hit 26, it was in early 2023, when the price of Bitcoin was about $17,000. However, more than a year later, the price of Bitcoin has soared to more than $56,000. But what's interesting is that even though the price has doubled, the current Fear Index is surprisingly consistent with the index at that time.

This phenomenon once again highlights the extreme emotionality of the market. Even though the price of Bitcoin is as high as more than $56,000, the market's panic sentiment is surprisingly consistent with the price at $17,000.

This is undoubtedly a positive sign for the long-term development of Bitcoin. Because when the panic index was at 26 last time, the price of Bitcoin was about $17,000, and this time the panic index is also at this position, the price of Bitcoin is as high as about $56,000.

Therefore, let's imagine that when the panic index returns to below 26 again next time, will the price of Bitcoin reach 80,000, 100,000 or even higher? 🤑

This is indeed a promising thing, worthy of close attention and thinking by all of us investors. After all, market panic and greed often indicate potential opportunities and risks. #比特币 #恐慌与贪婪指数 #市场情绪 #投资机会