December 29 data is quite interesting—The Fear and Greed Index is stuck firmly in the extreme fear zone at 24-30, yet Bitcoin has already broken through $90,000, and mainstream cryptocurrencies are also rising. This stark contrast is really quite striking.
Liquidity is already poor over the weekend, so cautious investors are normal. But the issue is more than that. More importantly, many people are questioning how long the rebound of altcoins can last. This contradictory mindset of watching prices go up but not daring to follow the trend is actually quite common.
Looking back at historical records makes it clear. During the two bottom phases at the end of 2022 and early 2023, the sentiment indicators showed similar extreme fear readings. And what happened? They all turned into medium- to long-term buying opportunities. So, extreme fear is often not a bad signal; it may even indicate the start of a rebound.
Of course, relying solely on sentiment indicators is not rigorous. On-chain data, capital flows, macroeconomic environment—these dimensions all need to be considered. Taken together, the current contradictory market mentality—showing signs of price rebound but generally lacking the courage to chase—just indicates that we might be in the early stage of a bull market, characterized by repeated oscillations and bottom-building.
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failed_dev_successful_ape
· 5h ago
Ha, the 24-30 range is indeed devilish, and my mentality is breaking down completely.
BTC has broken 90,000, yet some people are still hesitating to buy the dip. How desperate is that?
Basically, it's gambler's mentality. Can't dare to go long when bullish, can't dare to buy the dip when bearish.
Is history repeating? Once again, it's the idea that extreme panic is the opportunity—believe it or not.
Wait a minute, have on-chain data really turned around, or are we just fooling ourselves again?
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BlockchainBouncer
· 5h ago
Is extreme panic actually a buying opportunity? Then why am I still at a loss haha
History sounds great, but is it really the same this time?
Breaking through $90,000 and the index is still stuck at 24, unbelievable
The recent rebound of altcoins feels pretty fake
Wait, so should I buy the dip now or run away?
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degenwhisperer
· 6h ago
The Extreme Fear Index is still at 24? Bro, this time I really can't hold on anymore.
Bitcoin is already at 90,000, but altcoins are still hesitating. Is history about to repeat itself?
Wait, this might be another false breakout...
The sentiment indicator suggests there’s a chance, but who dares to really take the plunge? It’s ridiculous.
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HalfBuddhaMoney
· 6h ago
Extreme panic is still rising. Isn't this the bottom? That's how history has played out.
Bitcoin is already at 90,000, yet the panic index is still stuck at 24. This is almost a clear bottom signal.
The timid keep timid, and we keep getting on board.
To put it simply, retail investors have all been scared away. Now that's an opportunity.
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ImpermanentTherapist
· 6h ago
Wait, the index is so low but the coin price is going up? Isn't this the most classic bottom signal? I was also so conflicted about this time last year.
It's really hard to say whether this wave of altcoins can break out, but the history is right there.
The panic index is so extreme that it should actually be a bullish sign. I think many people are just scared themselves.
An index of 24-30 compared to Bitcoin at 90,000 doesn't match up at all, which indeed shows that everyone lacks confidence.
The real opportunity is probably during times like this. Those who are brave have already jumped on the train.
December 29 data is quite interesting—The Fear and Greed Index is stuck firmly in the extreme fear zone at 24-30, yet Bitcoin has already broken through $90,000, and mainstream cryptocurrencies are also rising. This stark contrast is really quite striking.
Liquidity is already poor over the weekend, so cautious investors are normal. But the issue is more than that. More importantly, many people are questioning how long the rebound of altcoins can last. This contradictory mindset of watching prices go up but not daring to follow the trend is actually quite common.
Looking back at historical records makes it clear. During the two bottom phases at the end of 2022 and early 2023, the sentiment indicators showed similar extreme fear readings. And what happened? They all turned into medium- to long-term buying opportunities. So, extreme fear is often not a bad signal; it may even indicate the start of a rebound.
Of course, relying solely on sentiment indicators is not rigorous. On-chain data, capital flows, macroeconomic environment—these dimensions all need to be considered. Taken together, the current contradictory market mentality—showing signs of price rebound but generally lacking the courage to chase—just indicates that we might be in the early stage of a bull market, characterized by repeated oscillations and bottom-building.