Data: Bitcoin Fear Index drops to 9%, market sentiment hits a stage low

ChainCatcher news, according to independent analyst Markus Thielen's latest report, the Bitcoin Fear and Greed Index has dropped to 9%, once again falling below the 10% extreme fear zone. Historical experience shows that such low sentiment points often occur before short-term rebounds, which can be seen as a potential contrarian buying signal. However, the 21-day moving average of this indicator has not yet shown significant signs of stabilization. Coupled with last week's net outflow of approximately $1.2 billion from Bitcoin ETFs, ongoing market uncertainty, and Bitcoin prices still operating below the 21-day moving average, overall market sentiment remains weak.

Analysts suggest that investors should maintain a cautious stance until clear catalytic factors emerge on the macro or policy front.