Опасения рынка растут: индекс страха сигнализирует о возможном развороте биткоина Headline: Market Fears Rise: Fear Index Signals Possible Bitcoin Reversal

Against the backdrop of the first cryptocurrency’s correction below $109,000, the fear and greed index has dropped from 44 to 28 points. Analyst Michael Pizzino described the current situation as a «turning point.»

He pointed out a growing divergence between Bitcoin’s price and market sentiment.

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

In light of this, Pizzino suggested that the current conditions could be favorable for a reversal.

«Could this be the moment Bitcoin and the crypto market have been awaiting? The analysis seems convincing, but it has yet to be confirmed,» he added.

The platform Santiment recorded a surge in mentions of «buy on dips» after the first cryptocurrency fell below $112,000 earlier in the week. Analysts speculated that this might indicate an increased likelihood of an imminent rebound, as prices often move contrary to community expectations.

«A negative narrative is developing on social media. After dropping below $114,000, the euphoria quickly gave way to fear. However, the level of this fear is not yet high enough to suggest true market capitulation, similar to what was seen in early April (due to U.S. President Donald Trump’s trade tariffs) or mid-June (amid geopolitical tensions),» the experts stated.

Santiment highlighted two «encouraging signals»:

According to analysts, these factors reduce selling pressure and limit the potential for further declines.

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

The share of profit-taking in the total volume of moved coins has surpassed 90% three times, and the market has just passed the third peak of such activity.

Historically, similar surges have coincided with key cycle peaks, raising the likelihood of an approaching «cooling» phase, experts pointed out.

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

During the most recent meeting of the Federal Reserve, the volume of coins sold surged to 122,000 BTC per month. Meanwhile, net inflows to exchange-traded funds plummeted from 2,600 BTC per day to nearly zero.

«A combination of rising selling pressure and weakening institutional demand has created a fragile market environment, setting the stage for a downturn,» Glassnode stated.

Marcus Tilen from 10 Research did not rule out a drop in the first cryptocurrency to levels around $107,000. Previously, analysts at QCP warned about the risk of Bitcoin falling to this level.

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

As a reminder, analysts diverged in their forecasts for digital gold.