The Bitcoin Fear & Greed Index has dropped significantly, falling below the 10% threshold and landing at just 9%. This drop marks a significant shift from extreme fear levels, according to independent analyst Markus Thielen. He highlights historical trends suggesting that such low sentiment levels often precede short-term market rebounds. However, Thielen emphasizes that Bitcoin remains below its 21-day moving average, indicating that price stability is yet to be established. Bitcoin ETFs have also witnessed outflows totaling approximately $1.2 billion over the past week, signaling continued caution among investors. Analysts advise cautious investors to remain vigilant until clear macroeconomic or policy catalysts emerge to restore confidence and stimulate a decisive market movement.