Matrixport flags extreme Bitcoin fear and oversold signals as market nears potential bottom

On Tuesday, Matrixport reported that its Bitcoin sentiment gauge has sunk to extremely depressed levels, with its fear and greed index indicating a potential durable bottom as the 21-day moving average turns higher from below zero. The firm noted that similar readings in June 2024 and November 2025 followed sharp market declines, while Alternative.me's index now shows extreme fear at 10 out of 100 and Bitcoin trades roughly two standard deviations below its 20-day norm, a setup some analysts say has historically preceded short-term bounces.