09 May 2022
Extreme fear is back - Is it time to start buying?The Fear and Greed Index hasn't indicated a more negative market sentiment in two years.
Extreme fear is back in the crypto market. The Fear and Greed Index dropped sharply this week and is now at 10. We’ve not seen the sentiment drop lower than this since the “covid crash” of March 2020.An extremely fearful market has historically presented long-term buying opportunities and is often a time to pay attention and rather start buying than selling. However, the last time the index touched 10 (January 8th), bitcoin fell another 20% before bottoming two weeks later.This clearly shows that extreme fear is not a certain buy signal, but it’s definitely worth paying attention to this sentiment change.