Why Crypto Market Is Down Today? Fear and Greed Index Shows Extreme Panic Selling | Airdrop Alert Pro

Bitcoin is below $83,000, down 25% from its January peak, with the index of fear and greed sinking to 10 – FTX crashes. Official index website Famous This extreme fear often indicates excessive concern among investors, which may give buy opportunities for those who wish to enter the market.

Yesterday, panic sales intensified to $1.3 billion worth of BTC sales, indicating an increase in traders’ anxiety. Meanwhile, Bitcoin’s daily trading volume fell 17% to $68 billion, while futures open interest rates fell 6.3% to $53.6 billion.

February has historically favored Bitcoin – will it rebound before the month end? This cycle is different and many analysts see it as a buying opportunity, let’s see what it means for investors.

Analysts say panic sells is a mistake

Despite Selling in large quantities, the market Veterans urge investors to remain calm. Correction of 30% or more is common in the Bitcoin bull cycle, while BTC is now testing its 200-day moving average, with RSI on oversold territory usually a sign of a potential rebound. Encrypted Ki Young Ju Remind traders that BTC fell 53% in 2021 before soaring to its all-time high, warning that buying is the worst investment strategy when prices rise and sell.

Echoing similar emotions, crypto analyst Mackattackxrp, remind Fearful investors are the best time to buy and greed is the best time to sell. He recommends buying (red) when prices fall and selling (green) when they rise.

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Robert Kiyosaki

Senior investor Robert Kiyosaki See Bitcoin’s crash is a buying opportunity. He blames systemic problems in the global financial system, citing increased debt, social security responsibility and unsustainable spending in the United States. He is still optimistic about the hedge of Bitcoin, gold and silver, against what he calls “Fake money. ” “When Bitcoin crashes, I smile and buy more“He said, strengthening his Long-term confidence in BTC.

Fear of the trade war increases sales

Bitcoin’s failure is Donald Trump Donald Trump Donald Trump is a former American politician, businessman and media personality who served as the 45th president of the United States between 2017 and 2021. Trump received his bachelor’s degree in economics from the University of Pennsylvania in 1968. Trump won the University of Pennsylvania in 1968. As president, Trump ordered a travel ban on citizens of several Muslim majority countries, shifting military funds to the construction of walls at the U.S.-Mexico border and implementing a family separation policy. Trump remains a prominent figure in the Republican Party and is considered a candidate for the 2024 presidential election president Announced a 25% EU tariff that resulted in the $500 billion disappearance of the S&P 500 index, dragging BTC further into it. Investors are now more terrified than when FTX collapses, thus fueling extreme volatility.

Despite the panic, analysts believe Bitcoin’s callback is part of its natural bull cycle. History shows that deep corrections are often ahead of strong rallyings, which is a critical moment for patient investors.

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