The Crypto Market Breathes Extreme Fear Eases After 18 Brutal Days
The crypto market finally took a deep breath. It spent 18 long days stuck in a zone of extreme fear. Now the panic is slowly starting to fade. The Crypto Fear & Greed Index score jumped slightly higher. It finally left its lowest level. This modest rebound happens at a strange time. November usually brings big gains for Bitcoin. Instead, the month ended full of doubt.
Quick Take
The Crypto Fear & Greed Index is finally out of the extreme fear zone. This followed 18 straight days of market panic. This change comes in an unusual context. November is historically a bullish month for Bitcoin. Analysts note that extreme fear often marks a local low point for BTC. Recovery signs remain shaky based on technical data.
The Fear Index Escapes the Extreme Fear Zone
On November 23, the Fear & Greed Index left the bottom zone. It reached a score of 28 for the first time in 18 days. This move marks a small but key shift in market mood. Persistent panic had gripped the market since November 10.
During these eighteen days, major voices in the crypto space voiced strong concern. On November 15, analyst Matthew Hyland noted the index showed the most fear of this entire cycle. Crypto Seth later stated that extreme fear was actually an understatement. This reflected the market's psychological crash. Trader Nicola Duke pointed out that these fear periods often match Bitcoin corrections. This suggests the market bottom might be near.
These views rely on checking past fear cycles. Such times are often followed by market climbs. But macroeconomic worries still persist today. This current exit from extreme fear might be only a short pause. It may not signal a true market reversal.
Recovery Signs Are Fragile
Social media shows some investors getting excited. The Santiment platform noted a generally bullish trend on November 27. This happened as the price rose near $92,000. This market buzz is often an emotional reaction to price bumps. It is not a basic change in market outlook.
Real capital flow does not yet confirm this new confidence. The market clearly remains in Bitcoin Season right now. This means investors prefer BTC over altcoins. Altcoins are struggling to attract new money. This money concentration shows investors are playing defense. This is typical when uncertainty rules the market.
André Dragosch of Bitwise Europe warned against misreading the big picture. He pointed to fears about a possible recession. He said the risk and return imbalance reminds him of the COVID era. The mood is calmer but uncertainty remains very high. Bitcoin’s price performance is the key indicator now. Its ability to hold or jump higher will show the truth. That move will confirm if this is a real turning point or just a market break.