Bitcoin Market Panic May Signal Buying Opportunity

The Bitcoin market is currently gripped with panic, causing sentiment to plummet to levels not seen since the Covid-19 pandemic and the FTX collapse.

However, history suggests that periods of extreme fear can precede significant price movements in the cryptocurrency's favor.

The Crypto Fear & Greed Index has fallen into 'extreme fear' territory, indicating a high level of market anxiety. This metric often fluctuates with market sentiment and can be used to gauge potential buying opportunities.