• Bitcoin and Ethereum have led the wider crypto market in a bearish outlook.
• The crypto fear and greed index shows extreme fear of further capitulation amid low demand from whales.
• Historically analysis signals the ongoing crypto winter may extend for several months before a macro bullish rebound.

The crypto market has extended its losses led by Bitcoin (BTC) and Ethereum (ETH). The total crypto market cap dropped 1.19% in the past 24 hours to hover about $2.27 trillion on Friday, February 14, during the mid-London session.

Despite top Digital Asset Treasuries (DATs) holding through the bearish windstorms, Bitcoin and ETH prices dropped 2% in the past 24 hours to trade at about $66,215 and $1,937 respectively. As such,…