The Bitcoin Sentiment Index is signaling a deep pessimistic wave across the market. This bearish sentiment is fueled by an overall fear and panic that has led to a score indicating extreme negativity on the index. The index combines three key components: the Fear & Greed Index which gives a broad view of investor confidence, CoinGecko’s up/down votes reflecting real-time retail sentiment, and a normalization layer for more consistent results. This leads to a single score from -100 to +100. Extreme bearish levels were recently seen in late 2024 and early 2025 and have now become present again.
Interestingly, the Bitcoin price is remaining relatively stable despite this strong negative sentiment, but investors remain defensively positioned. Trading activity is low with risk appetite sharply declined.
The contrast between the market’s price action and the extreme bearishness highlights a market driven by caution rather than excitement. Many investors are cautiously waiting for potential corrections or wider economic instability to unfold.