Extreme Fear Returns to Crypto, But Analysts See a Short-Lived Correction
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While the Crypto Fear & Greed Index has sunk to an “Extreme Fear” score of 10—its lowest since February—a sense of perspective is emerging among analysts.
The drop, correlated with Bitcoin’s fall below $95,000, has undoubtedly rattled investors.
However, experts are anticipating the bearish mood to be temporary. Andre Dragosh, Bitwise’s European head of research, is among those arguing the situation is less bleak than it appears, hinting that the current fear may present a potential opportunity rather than the start of a prolonged downturn.
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