The Bitcoin Fear and Greed Index has dipped below the levels seen during the FTX collapse, indicating reduced investor anxiety about the cryptocurrency market. Currently sitting at 14-15, the index suggests a level of extreme fear, lower than the turbulence witnessed during the FTX crash. This drop reflects a period of increased volatility in the market, with traders adjusting their strategies due to high sell pressure. Notably, there’s been no official comment from key leaders within the cryptocurrency space regarding this recent shift in sentiment. 2023 has seen volatility, and some investors are seeking safe haven assets like stablecoins (USDT and USDC) amid uncertainty. This suggests cautious behavior among traders as they seek stability during volatile market conditions. Historical patterns show that periods of extreme fear often lead to decreased liquidity in the DeFi space, potentially affecting token valuations. With the index reflecting these recent anxieties, it might influence trading decisions further as investors adjust their positions. However, no official comments from influential figures like CEOs or analysts have been released on this specific sentiment drop.