Farcaster

The cryptocurrency market is currently experiencing the highest level of fear since January 2023, according to trader Ali Martinez, citing #Glassnode. The Fear and Greed Index for #BTC shows 27, close to "extreme fear." The last time the index was this low was on January 2, 2023, when #BTC was priced at $16,865. People would be surprised to learn that a year and a half later, with BTC above $57,000 and other positive factors, the market is still in such fear. This is an example of market irrationality.