Crypto Sentiment Weakens Sharply in February as Bitcoin Faces Risks of Further Downside

Crypto market sentiment has deteriorated sharply, with Matrixport’s Greed & Fear index falling to extremely depressed levels, suggesting the market may be approaching another inflection point. Even so, Matrixport suggested that Bitcoin may still see downside ahead. Sentiment Signals Possible Inflection Point For Bitcoin  In a recent market update, Matrixport said overall sentiment has dropped to extreme lows, reflecting broad-based pessimism across the digital asset space. The firm highlighted its proprietary Bitcoin fear and greed gauge, explaining that “durable bottoms” have typically emerged when the 21-day moving average dips below zero and subsequently begins to turn upward source: https://beincrypto.com/bitcoin-sentiment-bear-market-bottom/