Bitcoin's recent slump has pushed the Crypto Fear & Greed Index down to levels not seen since October, now at a score of 65. Despite this drop, the index remains in the greed zone. Bitcoin's price has fallen to around $93,000, a 13.7% decrease over the past 12 days, as traders brace for potential market volatility.

The index, which considers factors like market momentum and social media trends, had peaked at 94 in November following the US elections. Analysts like Markus Thielen anticipate increased volatility, while veteran trader Peter Brandt suggests Bitcoin may follow a "Hump Slump Bump Dump Pump" pattern. Despite recent fluctuations, Bitcoin remains the top-performing asset of the decade.