Bitcoin has fallen into the Extreme Fear zone: Investor confidence has hit its lowest level since the drop of 19 billion USD.

The Fear and Greed Index of Bitcoin has fallen to 20, indicating that the market is in a state of extreme Fear. This is one of the lowest points of investor confidence in many months, even lower than the drop of 19 billion USD on October 10. Such a low score often reflects widespread panic, sell-offs, and hesitation among individual and institutional investors.

Analysts believe that this decline may be related to legal issues, large-scale liquidations, and the weak momentum of the market. However, historically, periods of extreme fear often present accumulation opportunities for long-term investors. Despite strong short-term volatility, some traders believe that the fundamentals of Bitcoin remain solid and could recover as selling pressure decreases.