Matrixport: Bitcoin enters extreme fear zone, market pessimism returns to a rare low not seen in nearly a decade

ChainCatcher news, Matrixport tweeted, "Bitcoin has entered an extreme fear zone, with market pessimism returning to levels rarely seen in the past decade. Judging by sentiment alone, the current situation can easily create the illusion of 'panic bottoming out and risk being cleared.'

However, beneath this surface, the data still hides many signals that traders have yet to notice. Several indicators that issued warnings before the October decline have now moved to the opposite extreme, but this does not mean that risks have been eliminated. Some key indicators are showing clear divergence from the price, suggesting that a short-term market structure, which almost no one is paying attention to, is taking shape.

Meanwhile, the macro pressures that triggered this round of sell-offs have not eased. The next few weeks will determine whether bitcoin stabilizes or enters a deeper phase of correction."