🖥 Analysis:
🔺 Extreme Fear Level: The Fear and Greed Index is currently at 17, which is in the “Extreme Fear” zone. This reflects high market sentiment, indicating that investors are very apprehensive about the future of#Bitcoinand other cryptocurrencies.
🔺 Index History: Over the past week, the index has fluctuated mainly in the "Extreme Fear" and "Fear" zones. This has been the case for 290 days (12.29%) since the index began tracking in 2018. This shows that negative sentiment has dominated the market for a long time, especially compared to the "Neutral", "Greed", and "Extreme Greed" phases.
📊 Market Impact
🔺 Bitcoin Price: The#Bitcoinprice chart (yellow line) shows a steady decline, accompanied by an increase in fear levels (blue). When fear prevails, prices tend to fall due to increased selling pressure.
🔺 Liquidation History: Sharp increases in the Fear Index often lead to large liquidations in the market, causing sharp price swings.
✅ Conclusion
🔺 The current state of “Extreme Fear” is a clear signal of uncertainty and investor anxiety. This can lead to large short-term volatility and create opportunities for brave investors to seize. However, maintaining a prolonged state of fear can undermine market confidence in the long term.
🔺 History also shows that when market sentiment is at "Extreme Fear" it is also an opportunity for sharks and confident investors to collect goods.
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