The investor sentiment in the Bitcoin market seems to be worsening with time, while the bullish momentum appears to be waning after the latest rejection. In fact, recent on-chain data shows that the sentiment is at a low not seen in nearly four years.
BTC Fear & Greed Index Falls To 10% For First Time Since 2022Typically, the index ranges from 0 to 100 (often in percentage), with higher values often signaling extreme greed and overheating market conditions. Meanwhile, a lower value of the Bitcoin Fear & Greed Index suggests extreme fear and skepticism among investors.
According to CryptoQuant’s data shared by Adler Jr, the 30-day average Fear and Greed Index has fallen to 10%, a level of pessimism seen during the market-wide crash brought about by the COVID-19 pandemic and the Terra (LUNA) ecosystem collapse. As observed in the chart below, the metric has been on a downturn since reaching a peak above the 75th percentile in late 2025.
Adler Jr. wrote on X:
Sentiment is now deeply compressed. For market structure to stabilize, Bitcoin likely needs to reclaim higher price levels.
During the COVID-19 crash, the Bitcoin price rebounded from around $5,000 to a new all-time high after the Fear and Greed Index fell to around 10%. In 2022, though, the price of BTC did not reach a bottom until after the collapse of the FTX exchange (a few months after the index reached the 10% level).
In essence, the Fear and Greed Index being this low could imply that the market leader has either reached or is near its bottom.
Bitcoin Price At A GlanceAs of this writing, the price of BTC stands at around $71,262, reflecting an over 1% jump in the past 24 hours.
