Bitcoin Fear & Greed Index Hits 10 as 21-Day Moving Average Signal Emerges

Crypto market sentiment dropped to "extreme fear," with Alternative.me's Bitcoin Fear & Greed Index at 10 out of 100—its lowest since June 2022—while a 21-day moving average pattern that often aligns with temporary bottoms has appeared, Cointelegraph reports. The report cautioned prices may still weaken in the short term, though historical episodes of extreme pessimism have tended to offer relatively attractive entry points. Hive Chairman Frank Holmes said Bitcoin is about two standard deviations below its 20-day moving average, a setup seen only three times in five years, and noted similarly oversold phases have historically been followed by rebounds within the following 20 trading days; a February close lower would mark a fifth consecutive monthly decline since 2018.