“Extreme Fear” Is Back and It Looks Like 2022 All Over Again

[cryptobro]

Crypto sentiment has cratered.

The Crypto Fear & Greed Index recently hit 5, its lowest level on record, before inching up slightly to 8 — still deep in “extreme fear” territory. These are the same sentiment levels seen after the Terra collapse in 2022, one of the most traumatic events in crypto history.

Online behavior reflects that anxiety. Google search interest for “crypto” remains depressed globally, while social data shows bearish commentary overwhelming positive discussion at the highest ratio in months.

According to sentiment analysts, traders are now scanning for one thing: signs that the bottom is in.

When fear becomes this widespread, markets often stop falling — not because confidence returns, but because there’s no one left to panic.

[mendez]

fear & greed index at 5 lol crypto really out here testing nerves