Last week, the index reached 5, matching its lowest-ever mark—a feat not achieved since 2019. At that number, the market is sitting in “Extreme Fear.” Higher marks indicate traders in the market are feeling more greedy and are typically associated with higher asset prices.
But to zero? Experts don’t see it falling that far.
Bitcoin Is Down Bad, But Hasn't Yet Hit Its 'Ultimate Bear Market Bottom': Analysts
“If you think it’s going to zero, then we’ll deal with that,” Saylor said. “But I don’t think it’s going to zero.”
BTC is down 0.6% in the last 24 hours, about 47% off its October all-time high of $126,080.
