Fear & Greed Index Don Reach Extreme Fear Amid US Tariff Shock
On October 17, US President Trump announce 100% tariff on Chinese imports wey cause sharp shock for crypto market. Crypto Fear & Greed Index drop reach "Extreme Fear" 22, as more than $19 billion liquidations happen. Bitcoin fall from dem October 6 record high of $126,210 go below $102,000 before e bounce back to around $114,000. Ethereum commot from about $4,700 go $3,900, plus Solana (SOL) and Cardano (ADA) also get big swings. By October 20, Fear & Greed Index don rise again to "Fear," show say crypto market still dey volatile. Extreme fear fit cause oversold condition and possible buy chance, cause panicked people fit sell anyhow and push price well below normal value. Bitcoin fit remain within 20% of e all-time high despite the extreme fear, wey dem dey call "climbing the wall of worry," mean say the market still strong underneath. But as more big institutions dey join, e dey question how well the index fit predict things. Traders suppose use Fear & Greed Index signals along with other technical and on-chain indicators to sabi how to manage the volatility and confirm when trends change well well.
Bullish
Di big drop wey happen for Crypto Fear & Greed Index reach extreme fear, together with how Bitcoin fit still dey within 20% of im all-time high and how e price don slightly recover, show say beta involved dey. For short time, tariff wahala plus panic selling dey make market shake well well but e still create chance for people to buy as e make market oversold. For long run, how Bitcoin still strong under extreme fear show say big institutions dey back am plus e get chance say e fit start to go up again. Traders suppose use both sentiment data and technical charts to make sure say bullish changes dey come.