📢Hey BTC enthusiasts! 🚀The Crypto Fear and Greed Index, a barometer for Bitcoin and crypto market sentiment, has hit its lowest score in nearly 18 months! 😱

Following Bitcoin's tumble below $60,000, the index plunged 21 points on June 24, landing in the "Fear" zone with a score of 30. Just a week ago, it was basking in the "Greed" zone at 74. 😲

BTC too took a hit, dropping over 4% in 24 hours to a seven-week low of about $58,400 on June 24. But don't fret, it's already making a comeback, trading at $61,115 at the time of writing. 💪

This fear surge is attributed to several factors. Spot Bitcoin ETFs have seen outflows exceeding $1 billion in the past 10 trading days. The impending liquidation of $8.5 billion worth of BTC by the bankrupt Mt. Gox exchange has also stirred the pot. 🌪️

However, some experts, like Samson Mow from Galaxy Digital, think the market might be overreacting. He reassures us that the BTC dip is driven by sentiment and fear, not by large holdings being sold off. 👍

The Crypto Fear & Greed Index considers market volatility, trading volume, Bitcoin's dominance, and trends. Since hitting a peak score of 90 in the "Extreme Greed" zone on March 5, when BTC reached $69,000, it's been on a downward slide. But remember, it's all part of the ride! 🎢

Stay tuned, and keep hodling! 🚀🌕