Fast Take
Bitcoin continues to hover within the mid-$50,000s, getting into a consolidation interval characterised by downward volatility. This era has examined buyers’ endurance as different asset lessons, like US shares and gold, method or have reached all-time highs. In the meantime, Bitcoin stays over 20% beneath its file peak.
The Coinglass Crypto Concern and Greed Index presently sits at 22, indicating a state of worry. Since August, the market sentiment has remained primarily on this fearful zone. Over the previous yr, Bitcoin has skilled two days of maximum worry, notably throughout the Aug. 5 sell-off triggered by the yen carry commerce unwind. In complete, over the previous yr, Bitcoin has skilled 44 days of worry, 89 days of neutrality, 215 days of greed, and 15 days of maximum greed.
Zooming out additional, the previous seven years reveal that Bitcoin spends roughly 45% of the time in a state of worry or excessive worry, in comparison with about 30% in greed or excessive greed. Regardless of its long-term development potential, this pattern highlights the frequent uncertainty surrounding Bitcoin.
