The market remains deeply volatile, with assets swinging between local highs and lows without establishing a clear directional bias.

While bearish momentum is beginning to dominate the narrative, emerging accumulation patterns suggest that some investors are positioning to capitalize on the downturn rather than exit entirely.

Market sentiment turns defensive

The Crypto Fear and Greed Index, a widely tracked measure of market sentiment, confirms that the market has re-entered a fear phase.

This phase typically reflects aggressive distribution, as investors exit positions and reduce exposure amid heightened uncertainty and volatility.

The shift is not isolated to crypto. Risk-off sentiment has extended into…