Bitcoin Plunges to Fearful Depths! Is This the Reversal We’ve Been Waiting For?

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Key points:

  • The Crypto Fear & Greed Index, once a beacon of reckless optimism, now mirrors the dreadful sentiment Bitcoin saw at $83,000.

  • Analysis holds its breath, wondering if we’ve reached the elusive “turning point” that Bitcoin has been teasing us with.

  • Social media users, always ahead of the curve, are practically shouting that a price rebound is just around the corner. Oh, the drama!

Bitcoin (BTC), ever the emotional rollercoaster, sent shockwaves through the market overnight Thursday, as yet another price dip triggered fresh liquidations. And here we are, drowning in fear…

Fresh data from the Crypto Fear & Greed Index reveals what we’ve all been secretly dreading: “fear” has once again gripped the market.

Bitcoin Sentiment Reflects April’s Doom and Gloom

As Bitcoin flirts dangerously with new monthly lows under $109,000, it seems that the market couldn’t help but gasp in collective disbelief.

The Fear & Greed Index, lagging just a bit behind the chaos, plunged to a dismal 28/100 on Friday. It’s the lowest it’s been since April 11, falling a staggering 16 points in just one day. Is this a déjà vu of doom?

“MORE fear and a HIGHER price,” mused Michael Pizzino of a crypto YouTube channel, succinctly summarizing the paradox in a tweet. Because why wouldn’t a dose of fear lead to higher prices? Truly, the market’s sense of irony is unmatched.

He noted the growing divergence between price and sentiment. The last time the Fear & Greed Index was this low, Bitcoin was comfortably nestled at around $83,000. Not bad for a recovering market, right? Right…?

Consequently, some experts argue that the moment has come for a reversal of fortune. Will Bitcoin rise from the ashes like a phoenix? Or are we just watching another sad rerun?

“Could this be the turning point Bitcoin and Crypto have been waiting for? The analysis looks promising, but it’s still waiting for confirmation,” Pizzino concluded, probably biting his nails.

The Fear & Greed Index, however, has a history of unpredictable temper tantrums in 2025. Let’s not forget that in February, it nosedived to a comically low 10/100 due to the US trade tariffs debacle. Ah, the drama of macroeconomic uncertainty!

“Impatience and Bearishness” Reign Over BTC Price Takes

Even before this latest price dip, signs of a Bitcoin rebound were floating like whispers in the wind.

On Tuesday, Santiment, the research platform, highlighted that social media users were already murmuring that lower prices were coming. Because, of course, they always know best.

“As usual, social media is loud and clear on where Bitcoin will head next. Historically, more negative price predictions correlate with lower prices. So, lower predictions might just be your ticket to a nice surprise,” Santiment quipped. Such wisdom. So profound.

According to Santiment, a “high amount of impatience and bearishness” has surfaced among retail traders, though this might just be the market’s favorite drama-filled narrative.

Meanwhile, data showed that large-volume traders were quietly and confidently adding exposure to Bitcoin in recent days. Oh, the calm before the storm.

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2025-09-26 11:42