ChainCatcher news indicates that the current price of Bitcoin has dropped 22% from the historical high of $109,000 set on January 20, the day of Trump's inauguration. Although investor sentiment has repeatedly fallen into the "extreme fear" zone, crypto analysts generally believe that the Bitcoin bull market cycle has not yet ended, and this drop may be a "shakeout"—a sharp decline triggered by long positions being liquidated, followed by a rapid rebound.Bitfinex analysts point out that "multiple key technical indicators have turned bearish, raising speculation about an early end to the bull market. However, the four-year cycle of Bitcoin remains a key factor; history shows that pullbacks during bull market cycles are normal, and this is more likely a shakeout rather than the beginning of a bear market. The bottom for Bitcoin may align with the U.S. stock market (especially the S&P 500), with $72,000 to $73,000 still being a critical support range, but global bond yields and stock market trends will dominate Bitcoin's next moves. The risks of a trade war have been partially priced in, but long-term economic pressures may suppress sentiment." Nexo analyst Iliya Kalchev stated, "Although Bitcoin's four-year compound annual growth rate (CAGR) has fallen to a historical low of 8%, the halving event remains crucial for long-term price trends. The halving in April 2024 will reduce the block reward to 3.125 BTC, and since then, Bitcoin has accumulated over a 31% increase. Although the ETF purchases driven by institutional adoption over the past year have become a major force, the halving effect will continue to influence the market."

ChainCatcher news, according to CoinDesk, the Fear and Greed Index has shown "extreme fear" readings for several consecutive days, which may indicate that Bitcoin prices are about to bottom out and rebound. Historically, similar situations have triggered a 200% increase in Bitcoin prices.Vincent Liu, Chief Investment Officer of trading firm Kronos Research, stated: "Bitcoin has fallen into the 'extreme fear' range, which is the first time since September 2024, when Bitcoin was trading at $53,000. In the three months following that, Bitcoin's value doubled, suggesting a potential buying opportunity for savvy investors."The Fear and Greed Index is a measure of investor sentiment, ranging from 0 (lowest sentiment) to 100 (highest sentiment). Recently, as Bitcoin prices fluctuated between $83,000 and $95,000, the index has remained in the "extreme fear" zone. This index is typically viewed as a short-term contrarian indicator, based on price volatility, momentum, social media sentiment, Google Trends data, and Bitcoin's overall market share.

ChainCatcher news, according to Jinshi reports, Nic Puckrin, the founder of The Coin Bureau, stated that current investor sentiment may have dropped to levels similar to or lower than those during the FTX collapse, with new meme coins and celebrity hype emerging daily.Puckrin added that the profits from these trades rarely flow back into the crypto space. "These funds are not being used to develop innovative products that help solve real-world problems, which is exactly what we all believe crypto and blockchain can do." He estimates that $6 billion in crypto liquidity has already been lost from the ecosystem due to meme coins.Meme coin trader Vic Laranja stated that meme coins are no longer about community, fairness, or opposing venture capitalists, but have evolved into an industrial complex aimed at extracting as much value as quickly as possible, which was not their original intent. Laranja mentioned that clear rules would be a catalyst for pushing the crypto space to the next level. Before that, he believes sentiment has already reached a trough.

ChainCatcher message, Santiment posted on X: "Over the past two weeks, the sentiment of most cryptocurrency investors has astonishingly shifted from bullish to bearish. As the market cap has pulled back (especially altcoins), interest in meme coins has significantly decreased, while interest in Bitcoin has notably rebounded. This collective FUD is a healthy part of the cycle, and patient traders can capitalize on this high level of 'blood in the streets' to profit."

ChainCatcher news, QCP Capital's latest analysis points out that despite a turbulent start to the month, Bitcoin's upward trend in October seems to be back on track. Currently, the Bitcoin price is comparable to last Monday's level. QCP notes that the "Uptober" narrative, along with strong non-farm payroll data, has helped Bitcoin find strong support around the $60,000 mark. The upcoming HBO Bitcoin documentary is also bringing more mainstream attention to the cryptocurrency, and meme tokens related to Len Sassaman are starting to gain traction.Despite a poor start last week, options flow still points to a bullish fourth quarter, with investors continuing to buy the $75,000/$95,000 call spread expiring in December. Considering the potential for future interest rate cuts and the strong correlation between Bitcoin and the stock market, QCP remains optimistic about October's strong performance. This Thursday's U.S. CPI data will be the market focus. Recently, U.S. wage and employment data has been strong, and the market will closely watch for any signs of rising inflation. The Federal Reserve's expectations for rate cuts have been adjusted from 50 basis points to 25 basis points within a week, and this week's data may determine whether further adjustments to rate cut expectations will be made.

ChainCatcher news, according to Cointelegraph, since the launch of the U.S. Ethereum spot ETF on July 23, the price of Ethereum has dropped by more than 26%, with a cumulative net outflow of funds reaching $420.5 million.However, Aurelie Barthere, chief research analyst at the on-chain analytics platform Nansen, stated that the decline in Ethereum's price is not due to the ongoing outflow of funds from the ETF, but rather a lack of risk appetite among investors.