The cryptocurrency market has experienced a significant downturn in sentiment, reaching levels of fear not seen in over eight months. This bearish outlook is reflected by the Crypto Fear & Greed Index’s score of 10, its lowest since late February. Despite this gloomy atmosphere, analysts remain cautiously optimistic, suggesting that the current downturn may be temporary. Bitcoin and other crypto assets are facing volatility as market uncertainty lingers due to macroeconomic factors like recent ETF outflows and market fluctuations. While experts keep a close watch on market signals for stabilization, they believe this decline might not be as severe as past downturns, hinting at resilience within the crypto landscape.