Fear Still Dominates: Cryptocurrency Index Remains in Critical Zone

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The sentiment in the digital assets market continues to be under pressure. The indicator that measures fear and greed in cryptocurrencies registered a level of 24 points, a slight improvement of 3 units compared to the previous day, according to Coinglass data. However, it remains firmly within the extreme fear zone.

The numbers do not paint an encouraging picture for investors. Over the past 7 days, the average barely reached 17 points, while the monthly average stands at 21. These values reflect a market where pessimism prevails and few see signs of a near recovery.

Traders are on hold, watching every move with uncertainty. “What comes next?” is the question circulating in forums and communities. With the index trapped in this extreme fear zone, most participants are waiting for confirmation of changes before taking positions, maintaining a defensive stance in their trading strategies.

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