As BTC gradually recedes before the end of the year, the BTC greed index has dropped to the level of October.

The cryptocurrency fear and greed index is an indicator that tracks market sentiment towards BTC and cryptocurrencies, and in the last few days of 2024 when BTC plummeted, the index has fallen to levels seen in October.

The index scored 65 in the latest update on December 30, still in the greed zone, but at the lowest level since October 15.

According to CoinGecko's data, the BTC BTC price is around $93,000, a 13.7% drop in the past 12 days, as traders warn of a "significant sell-off" in BTC as a large amount flows into stablecoins.

After President-elect Donald Trump won the US election and many pro-cryptocurrency politicians won seats in the Senate and House, the cryptocurrency fear and greed index has remained above 70 in November and December. On November 22, the index reached a peak of 94.

The cryptocurrency fear and greed index is calculated based on signals affecting traders' and investors' behavior, including Google Trends, surveys, market momentum, market dominance, social media, and market volatility.

Research analyst and research director Markus Thielen stated in a report on December 29th that some analysts have been predicting a 'parabolic trend before the inauguration of Trump', followed by a significant pullback.

Thielen said he has a different opinion and expects "volatility to increase soon".

Veteran trader Peter Brandt speculated in a post on December 28th that BTC may shift to a 'camel hump crash crash surge' pattern.

The sequence indicates that the price trend initially rose (peak), then fell sharply (plunge), followed by a recovery (rise), further decline (plunge), and then a rebound (surge).

CryptoQuant founder and CEO Ki Young Ju shared Brandt's post and agreed with this pattern.

Meanwhile, Prem Reginald, a blockchain researcher at CoinGecko, stated in a report on December 13 that BTC is still the best-performing asset of the past decade, outperforming traditional assets by more than 26,000%.

According to Reginald, by 2024, BTC will be the best performing asset, with a return of 129%. Gold closely follows, with a year-to-date (YTD) return stable at 32.2%, while the S&P 500 index has a return of 28.3%.