Crypto Market Panic: What History Says Happens Next
TLDR
- The Crypto Fear & Greed Index hit an “Extreme Fear” score of 10 on Saturday, the lowest since February 27, as Bitcoin dropped below $95,000
- Bitwise research suggests current market indicators show less bearish sentiment compared to previous downturns despite lower prices
- Santiment warns that crypto market bottoms rarely form when widespread consensus exists about a specific price bottom
- US spot Bitcoin ETFs saw $1.17 billion in outflows over three trading days, with Thursday marking the second-worst day on record at $866 million
- Some analysts note positive chart patterns emerging and view the lack of year-end surge as healthy for long-term market stability
The crypto market entered its most fearful period in over…
