Bitcoin Price in a Fear Period: Is a New Bottom Coming?

In recent weeks, the price of Bitcoin has been fluctuating within a narrow range, while investor sentiment remains at a "fear" level. The Fear and Greed Index, which measures the mood of crypto investors, has been in the "fear" zone for a full seven days. The price of Bitcoin (BTC) has been moving in the $103,000 - $115,000 range for approximately two weeks. This situation indicates a possibility of prolonged stagnation and fatigue in the markets.

The Fear and Greed Index measures the investor sentiment on a scale from 0 to 100, where 0 represents extreme fear and 100 represents extreme greed. According to Coinglass data, the current level is around 24. Historically, fear periods at these levels often coincide with the formation of local bottom points. Extreme greed tends to be a precursor to corrections. Therefore, investors are curious whether the current situation signals a critical breakout.

In the past month, the market has only remained in the "greed" zone for seven days. This period coincided with the days when Bitcoin reached a record of $126,000. However, the record liquidation event that occurred on October 11 quickly thrust the market into a fear atmosphere. A similar process was observed during Donald Trump's tariff crisis in March - April 2025, when Bitcoin had fallen to around $76,000. Throughout 2025, Bitcoin has been attempting to consolidate around an average of $100,000.

According to on-chain analysis platform Checkonchain, the Choppiness Index (volatility index) is at 60 on a weekly basis. This level is considered one of the highest historically and indicates that a directionless market may continue for an extended period. The monthly index is reported to be around 55. Past data shows that this index exceeding 60 coincided with peak periods in 2021 and 2024. Analysts warn that the current fear and sideways movement could be the calm before a significant breakout.