Bitcoin Dives to $105K: Fear & Greed Index? More Like Fear & Panic! 🚨

by

So, the cryptocurrency Fear & Greed Index has decided to take a nosedive into the “extreme fear” zone. 🎢 Because apparently, Bitcoin crashing harder than my New Year’s resolutions wasn’t scary enough.

Bitcoin Fear & Greed Index: Now Serving Extra Panic! 🍿

This “Fear & Greed Index” is basically the cryptocurrency equivalent of a mood ring, created by Alternative. It looks at stuff like volatility, trading volume, and whether people are crying on Twitter. 🔍 Because, you know, Twitter is definitely the barometer of sanity.

The index runs on a scale from 0 to 100, where 0 is “crying in fetal position” and 100 is “recklessly YOLOing your life savings into Dogecoin.” Anything above 53 means traders are greedy, below 47 means they’re fearful, and in between? Neutral, aka “I don’t know what’s happening, but I’m pretending I do.”

Oh, and there are extremes: “extreme fear” (below 25) and “extreme greed” (above 75). Right now, we’re in the “extreme fear” zone. So, congrats, crypto traders, you’ve officially scared yourselves into a corner. 🎉

As you can see above, the Fear & Greed Index is currently at a whopping 22. That’s right, we’re officially in “extreme fear” territory. Which, honestly, is a downgrade from the last few days when we were just “regularly fearful.” Progress?

The reason for this delightful plunge into panic? Bitcoin and its crypto buddies decided to take a sharp dive recently. Last week, they were also having a terrible, no-good, very bad time, and the index hit a low of 24. So, yeah, it’s been a vibe. 🌪️

Historically, extreme fear and greed zones have been pretty important for Bitcoin. Extreme fear can lead to a bottom, and extreme greed can lead to a top. So, basically, Bitcoin thrives on chaos. Sounds about right. 🤷‍♀️

The last time we hit extreme fear, it led to a temporary bottom. Now that we’re back in the zone, who knows what’ll happen? Will Bitcoin bounce back, or will traders just keep hyperventilating into paper bags? Stay tuned! 📺

BTC Price: Down, But Not Out? 🤡

At the time of writing, Bitcoin is trading around $105,600, down 13% over the last week. So, yeah, it’s been a rough week. But hey, at least you’re not alone in your existential dread. Solidarity, my friends. 🤝

Read More

2025-10-18 11:12