"Our real-time Bitcoin Greed and Fear Index (currently reading 9 per cent) has fallen back below 10 per cent (the index ranges from 0 per cent to 100 per cent) - a level that historically marks the market entering a state of" extreme panic "," Matrixport said in a daily chart analysis. "Strategically, such readings tend to be followed by short-term rallies, so this could also be a contrarian bullish signal.
However, we would prefer to see the index's 21-day moving average also bottom out, which has not yet happened. Add to that last week's $1.20 billion outflows from Bitcoin exchange-traded funds (BTC ETFs), continued market uncertainty, and bitcoin prices below the 21-day moving average, and current market sentiment remains fragile. Until a clear macroeconomic or policy catalyst emerges that changes the market narrative, it remains safe to maintain a cautious stance. "
Matrixport: Bitcoin Fear Index Drops to 9%, Touches Extreme Panic Range, Could Indicate Short-Term Rebound
2025-10-20 04:14:04
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