Fear & Greed Index Don Reach Extreme Fear; BTC Dey Follow Behind Gold Rally
Crypto Fear & Greed Index don drop reach 15/100, e mark as the lowest wey e reach since March and e show say crypto market full ground with kata kata fear. Bitcoin price still dey above $100,000 even as retail people dey slow down and market feeling no too good again. Analysts for BitQuant talk say e never happen before make Crypto Fear & Greed Index low pass 20, and Santiment warn say when as e be like this with extreme bearish feeling, usually retail go give up and big pipo go start to dey fold. At the same time, normal market dem still dey careful: S&P 500 Fear & Greed Index stand for 35/100, and gold don climb pass $4,200 per ounce, wey dey make money dey shift go safe assets. Traders suppose keep eye for Fear & Greed Index and the Bitcoin-Gold pair because when fear reach this level before, na usually market bottom dem show and e fit get comeback chance.
Bearish
Di dramatic drop wey Crypto Fear & Greed Index drop reach 15 e show say plenty panic and bad market wahala dey their mind about Bitcoin. Retail people no dey participate like before, and falling below 20 na something wey never happen before, e mean say sellers still dey put pressure and market go get more wahala and quick changes soon. Plus, the way money dey shift go gold and other safe places show say people no wan risk. Even tho history show say extreme fear fit come before market bottom and market bounce back, traders make dem still dey careful as bearish trend dey control how Bitcoin price dey move now.