Bitcoin Plunges into Extreme Fear: Why Long-Term Holders Are Selling

Bitcoin’s Fear and Greed Index has plummeted to just 15, a level not seen since March, signaling widespread pessimism within the market. This alarming drop coincides with long-term Bitcoin holders selling off their holdings in response to market trends. Recent data reveals that $869.86 million was withdrawn from Bitcoin ETFs in a single day, indicating broader shifts in investor sentiment and concerns about the overall market landscape.