Matrixport: Bitcoin enters extreme fear zone, market pessimism returns to a level rarely seen in nearly a decade
Matrixport tweeted, "Bitcoin has entered an extreme panic zone, with market pessimism returning to a level rarely seen in nearly a decade. From an emotional standpoint alone, the current situation easily creates the illusion of 'panic bottoming and risk clearance.'However, beneath this surface, there are still many signals hidden in the data that traders have yet to notice. Several indicators that issued warnings before the drop in October have now moved to the opposite extreme, but this does not mean that the risks have been alleviated. Some key indicators are showing a clear divergence from prices, suggesting that a short-term market structure, which is almost unnoticed, is taking shape.Meanwhile, the macro pressures that triggered this round of sell-off have not eased, and the coming weeks will determine whether Bitcoin stabilizes or enters a deeper phase of correction."
