The cryptocurrency market cannot get out of the negative background:

The cryptocurrency market cannot get out of the negative background:

1️⃣ “Fear and Greed Index” is at level 27 (fear).

2️⃣ BTC sentiment among X, Reddit, Telegram, 4Chan and BitcoinTalk traders this week is the most bearish in a year.

3️⃣ BTC holders have decreased by ~566,000 in the last 3 weeks - they are scared and selling.

When the crowd exhibits FUD at this level, the likelihood of a rebound catching most by surprise increases.