Аналитики Matrixport: Крипторынок близок к устойчивому дну после продаж Translation: Analysts at Matrixport: The Crypto Market Is Approaching a Sustainable Bottom After Sales

Sentiment in the cryptocurrency market has dropped to extreme lows. This could result in the establishment of a «stable bottom» and a depletion of selling pressure, according to analysts at Matrixport.

Experts have noted a pervasive pessimism among investors. Matrixport’s own fear and greed index indicated a signal for stabilization: the 21-day moving average fell below zero and began to turn upward.

Such a shift indicates a reduction in selling activity. Historically, deeply negative sentiment values have provided attractive entry points. However, analysts cautioned about the possibility of further price declines in the short term.

*“Considering the cyclical relationship between sentiment and price dynamics, the market is likely approaching a turning point,”* Matrixport stated.

Similar metric readings were observed in June 2024 and November 2025 following periods of sharp market declines. The widely used fear and greed index from Alternative.me also sank to its lowest level since June 2022—10 points out of 100.

If Bitcoin closes February in the red, it will record five consecutive months of losses, marking the longest losing streak since 2018.

Frank Holmes, chairman of the mining company Hive, pointed out the record oversold condition of the leading cryptocurrency. The asset is trading two standard deviations below its 20-day average. Such occurrences have only happened three times in the past five years.

*“Historically, such extremes have led to short-term recoveries in the following 20 trading days,”* Holmes explained.

He added that he maintains a long-term optimistic outlook due to strong fundamental indicators, despite the current market anxiety.

It’s worth noting that analysts from K33 Research suggested that Bitcoin’s drop to $60,000 on February 6 became a local bottom before a consolidation phase. Standard Chartered also predicted a potential decline of the digital gold to $50,000.