• Crypto sentiment hits extreme fear as Matrixport flags possible bottom With Bitcoin sentiment at four-year lows, analysts have flagged historic oversold signals and potential seller exhaustion. • Cointelegraph in your social feed Crypto market sentiment has fallen to extreme lows, a condition that has historically preceded short-term rebounds, according to analysts at Matrixport, though they caution further downside remains possible. • “Sentiment has fallen to extremely depressed levels, reflectingbroad pessimismacross the market,“saidMatrixport in a note on Tuesday. • Matrixport’s own Bitcoin (BTC) “fear and greed index” suggests that “durable bottoms” form when the 21-day moving average drops below zero and reverses higher, which is currently the case. • However, Matrixport cautioned that prices could still fall further in the near term. • Historically, these deeply negativesentiment readingshave offered attractive entry points, they said.
Article Summaries:
- Crypto market sentiment has fallen to extreme lows, a condition that has historically preceded short-term rebounds, according to analysts at Matrixport, though they caution further downside remains possible. “Sentiment has fallen to extremely depressed levels, reflecting broad pessimism across the market,” said Matrixport in a note on Tuesday. Matrixport’s own Bitcoin (BTC) “fear and greed index” suggests that “durable bottoms” form when the 21-day moving average drops below zero and reverses higher, which is currently the case. “This transition signals that selling pressure is becoming exhaus
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