The Panic and Greed Index has slipped to 24 again. Do you remember the last time? When BTC fell below $80,000, the index plummeted to 8 before finding a bottom and rebounding.

What will the situation be this time? How much does the index need to fall to reach the bottom? 15? 10? Or will it have to replay the extreme panic scenario?

Market sentiment can sometimes feel more real than candlestick charts. Where do you think the bottom of this round will be?

BTC-4.58%

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SeeYouInFourYears

· 10h ago

It's already 24, to be honest, I'm a bit flustered this time. Last time when it was at 8, I thought the sky was falling. These indices look intimidating, but it's really just human nature acting up.

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GasWrangler

· 10h ago

okay so technically speaking, if you actually analyze the historical mempool data from that 8k btc bottom, the fear gauge correlation was demonstrably false half the time. people fixate on these indices like they're mathematically superior predictors when empirically proven they're just... noise with a fancy interface sub-optimal sentiment analysis tbh

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BuyTheTop

· 10h ago

24 is nothing, last time at 8 I was still buying the dip, and now I'm still trapped haha I bet on 15, I feel like it needs to drop further.

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ForkThisDAO

· 11h ago

Are you starting to feel nervous at 24? Last time at 8 I was still increasing the position, and if this wave can fall to single digits, I would actually be more excited. Wait, can this really rebound like last time? It feels like the atmosphere is different.

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LiquidationWatcher

· 11h ago

The bottom hasn't been reached yet. Last time at 8, I was still buying the dip. This time, let's see if there will be another extreme panic. As for the index, the harder it falls, the stronger the rebound. It's a gambler's mentality, but it always seems to make a profit.

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