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Is a bear market really coming?
The fear index plummeted from 42 to 21 overnight. Yesterday, people were talking about increasing positions on dips, but today, many have already liquidated all their holdings 😭.
The current market atmosphere
Bullish traders are afraid to look at the charts, short sellers are starting to pray, and those on the sidelines are looking for entry points.
Those who understand know that extreme fear is often when smart money begins to act.
The iron law of the crypto world: the deeper the fear, the closer the opportunity.
When emotions hit rock bottom, the opportunity is usually not far behind.
#BTC #CryptoFearAndGreed