Может ли падение индекса страха herald поворотный момент для биткоина? Headline: Could the Fear Index Drop Signal a Turning Point for Bitcoin?

Amid the correction of the leading cryptocurrency below $109,000, the Fear and Greed Index has decreased from 44 to 28 points. Analyst Michael Pizzino described the current situation as a «turning point.»

He noted a developing disparity between Bitcoin’s price and market sentiment.

The last time the index fell below 30, digital gold was trading around $83,000. Just days before, the asset’s price had breached a local minimum near $75,000.

In this context, Pizzino suggested that the present conditions might be favorable for a rebound.

«Could this be the moment that Bitcoin and the crypto market have been waiting for? The analysis appears convincing but hasn’t been confirmed yet,» he added.

The Santiment platform recorded a surge in mentions of «buy on the dip» after the first cryptocurrency dropped below $112,000 early in the week. Analysts speculated that this could indicate a potential for an imminent rebound, as prices often move against the expectations of the community.

«A negative narrative is forming on social media. After the decline below $114,000, euphoria quickly shifted to fear. However, the current level of fear isn’t significant enough to indicate a true market capitulation—similar to what was seen in early April (due to President Donald Trump’s trade tariffs) or mid-June (amid geopolitical turmoil),» experts stated.

At Santiment, two «encouraging signals» were highlighted:

According to analysts, these factors alleviate selling pressures and limit the potential for further decline.

Meanwhile, Glassnode analysts predicted a deeper correction amid signs of «overheating.» They noted that long-term holders have sold 3.4 million BTC in the current market cycle.

The proportion of profit-taking in the total volume of moved coins has exceeded 90% three times, with the market recently passing its third peak.

Historically, such spikes have coincided with key peaks in cycles, increasing the likelihood of entering a «cooling» phase, experts observed.

They also pointed out a slowdown in inflows to Bitcoin ETFs, which had previously offset sales from long-term holders.

During the last meeting of the Fed, the volume of coins sold ballooned to 122,000 BTC per month. Meanwhile, net inflows into exchange-traded funds plummeted from 2,600 BTC per day to nearly zero.

«The combination of increasing selling pressure and weakened institutional demand has created a fragile market environment, laying the groundwork for declines,» Glassnode stated.

Marcus Thielen from 10 Research did not rule out a drop for the leading cryptocurrency to around $107,000. Earlier, QCP analysts warned about the risks of Bitcoin declining to this level.

At the time of writing, the asset is trading at $109,500.

It is worth noting that analysts diverged in their forecasts for digital gold.