Bitwise: The market is in panic, it’s time to stockpile Bitcoin
recent weakness in Bitcoin seems to have dampened market enthusiasm, with Google search interest hitting a multi-month low. The latest market sentiment index reflects typical bear market characteristics, with cautious sentiment dominating the entire crypto market. The crypto fear and greed index has dropped to 24, in the "fear" level, the lowest point in the past year, a significant decrease from last week's 71. This decline is similar to the sentiment when Bitcoin briefly fell below $74,000 in April this year, and also echoes the market fatigue cycles of 2018 and 2022.
Despite the sharp drop in sentiment, Bitwise analysts believe that the current situation is more suitable for "buying on dips" rather than retreating. The company's research director André Dragosch, senior researcher Max Shannon, and research analyst Ayush Tripathi stated that the recent adjustment is mainly driven by external factors, and historically, such extreme sentiment often signals a good entry opportunity before a rally.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Perhaps as soon as next week, the term "RMP" will sweep across the entire market and be regarded as the "new generation QE".
The Federal Reserve has stopped its balance sheet reduction, marking the end of the "quantitative tightening" era. The much-watched RMP (Reserve Management Purchases) could initiate a new round of balance sheet expansion, potentially injecting a net increase of $20 billion in liquidity each month.
Enemies reconciled? CZ and former employees join forces to launch prediction platform predict.fun
Dingaling, who was previously criticized by CZ due to the failure of boop.fun and the "front-running" controversy, has now reconciled with CZ and jointly launched a new prediction platform, predict.fun.
Why is it said that prediction markets are really not gambling platforms?
The fundamental difference between prediction markets and gambling lies not in gameplay, but in mechanisms, participants, purposes, and regulatory logic—the capital is betting on the next generation of "event derivatives markets," not simply rebranded gambling.
2025 Crypto Prediction Mega Review: What Nailed It and What Noped It?
Has a year passed already? Have those predictions from back then all come true?
Trending news
MoreCrypto prices
More
