Latest BTC market dip is relatively small, but sentiment is in freefall

Bitcoin has seen bigger crashes during the current cycle, but investor sentiment is hovering near lows not seen since March.

Crypto investor sentiment is in freefall during the latest market dip as market analysts and traders search for a singular reason for falling asset prices and Bitcoin’s descent below $100,000.

The crypto “Fear and Greed” index, a metric tracking investor sentiment, is at 22, signaling investor caution and hovering just above “extreme fear” territory — its lowest level since March, according to CoinMarketCap

“This dip has been the smallest of this cycle, 25% vs 31% and 32%, but it feels so, so much worse. Sentiment cooked,” market analyst Nic Puckrin wrote.

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