Bitcoin Fear and Greed Index trends down as bulls step back – What now?
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The Bitcoin Fear and Greed Index has fallen to four-month lows, reflecting declining market sentiment and reduced buying pressure. Despite Bitcoin's price holding above the $92k support, traders are hesitant to enter the market due to recent losses. The long-term outlook remains bullish, with potential buying opportunities if prices dip to $88k-$90k. The index previously peaked at values above 80 but has been declining since late April. Overall, while sentiment is weak, on-chain metrics suggest that a market top has not yet been reached.
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