Bitcoin Drops Below $100K Again as Market Fear Hits Extreme Levels

[etfs]

Bitcoin has fallen below $100,000 for the second time this week, extending its monthly losses to 12%. The broader crypto market has erased $700B in value as the Fear & Greed Index plunges to 10 — extreme fear, levels last seen in early and mid-2022.
Sentiment compression like this often precedes bear phases, but sentiment alone doesn’t confirm a full cycle reversal.

[alex10]

Extreme fear tends to exaggerate every downside move.

[Abdul Khan]

Corrections like this often reset the market before the next leg up.