The crypto market is showing early signs of recovery, but last week’s crash has reshaped sentiment. Currently, overall sentiment has fallen back to ‘extreme fear,’ with strong bearish signals flashing. Similar fear levels were last seen early in the year before sentiment improved to neutral at 50 during Q2.

At press time, the Fear & Greed Index was at 8, while Bitcoin’s [BTC] reading is slightly stronger at 12, reflecting greater resilience than the broader market.

Additionally, Google searches related to crypto were rising from around 170 to above 320. This trend has intensified the panic in the market even more as searches surge during rallies or at times of market crashes.

This data suggests that this…