I just checked the Fear & Greed Index and saw it dropped to 8, which means the market is deep in 'extreme fear.' Do you know what greed is? Basically, it's an indicator of investor sentiment—when Fear is high, it means fear; when Greed is high, it indicates greed. Currently, we are at the very beginning of the spectrum, meaning everyone is scared.

This single-digit level is very rare. Usually, when the market hits this state, volatility is very strong, and people react quickly to any news. I see many traders are cautious about opening new positions, waiting to see where the market will go.

But based on experience, times like this are also when some long-term investors start accumulating. Many others remain on the sidelines, waiting for clearer signals. The crypto market sentiment right now is really fragile; just one big news event can completely change the situation.