The value of Bitcoin put in one other fascinating efficiency over the previous week, as the worldwide uncertainty continued within the broader monetary markets. However, the $74,000 resistance level proved to be unyielding but once more, because the premier cryptocurrency made a contemporary play for it because the weekend approached.
The investor sentiment within the Bitcoin market appears to be worsening with time, whereas the bullish momentum seems to be waning after the newest rejection. In reality, latest on-chain knowledge reveals that the sentiment is at a low not seen in practically 4 years.
BTC Fear & Greed Index Falls To 10% For First Time Since 2022
In a March 13 submit on the X platform, crypto analyst Axel Adler Jr revealed that the Bitcoin Fear and Greed Index has continued its descent over the previous few weeks. The Fear and Greed Index is an on-chain indicator that measures sentiment within the crypto market and displays some side of investor habits.
Typically, the index ranges from 0 to 100 (usually in proportion), with greater values usually signaling excessive greed and overheating market circumstances. Meanwhile, a decrease worth of the Bitcoin Fear & Greed Index suggests excessive worry and skepticism amongst traders.
According to CryptoQuant’s knowledge shared by Adler Jr, the 30-day common Fear and Greed Index has fallen to 10%, a stage of pessimism seen throughout the market-wide crash led to by the COVID-19 pandemic and the Terra (LUNA) ecosystem collapse. As noticed within the chart under, the metric has been on a downturn since reaching a peak above the seventy fifth percentile in late 2025.
Adler Jr. wrote on X:
Sentiment is now deeply compressed. For market construction to stabilize, Bitcoin seemingly must reclaim greater value ranges.
While an upturn in value efficiency is perhaps important in enhancing the market sentiment, the present stage of the Fear and Greed Index would possibly present perception into Bitcoin’s near-term trajectory. From a historic perspective, the premier cryptocurrency has usually proven the tendency to bounce again when the market sentiment is at its lowest.
During the COVID-19 crash, the Bitcoin value rebounded from round $5,000 to a brand new all-time excessive after the Fear and Greed Index fell to round 10%. In 2022, although, the value of BTC didn’t attain a backside till after the collapse of the FTX change (just a few months after the index reached the ten% stage).
In essence, the Fear and Greed Index being this low may suggest that the market chief has both reached or is close to its backside.
Bitcoin Price At A Glance
As of this writing, the value of BTC stands at round $71,262, reflecting an over 1% leap up to now 24 hours.
