Crypto sentiment gauge hits FTX-era lows as 'extreme fear' reaches a 9 reading

The cryptocurrency sentiment gauge has fallen to levels reminiscent of the tumultuous FTX collapse, indicating a significant downturn in market confidence. As a result, the sentiment indicator has recorded a reading of just 9, a clear signal of 'extreme fear' among investors and traders in the crypto space. This data suggests that many participants in the market are feeling particularly anxious and apprehensive about the future, reflecting widespread uncertainty about the stability and direction of cryptocurrency assets at this time. source: https://www.coindesk.com/markets/2026/02/06/crypto-sentiment-gauge-hits-ftx-era-lows-as-extreme-fear-reaches-a-9-reading