Crypto Market Sentiment Has Fallen to FTX Era Lows

Cryptocurrency Market Sentiment Has Declined

The sentiment in the cryptocurrency market has dropped to its lowest level since the FTX collapse, presenting a worrying picture. The sharp decline in Bitcoin has led market participants to a broad retreat.

The Crypto Fear and Greed Index has fallen to a value of 9, signaling "extreme fear." This situation indicates that investors have shifted from a cautious stance to a defensive position. Although Bitcoin experienced a brief jump from around 60,000 dollars to approximately 65,000 dollars, the index still reveals that the market is under significant stress. This reflects an environment of panic and does not provide a reliable timing signal.