Bitcoin Fear Index Falls to 9%, Marking Extreme Panic Phase

According to TechFlow, independent analyst Markus Thielen reported on October 20 that Bitcoin’s real-time Greed and Fear Index has fallen to 9%, slipping back into the extreme fear zone below 10%.Thielen noted that such low sentiment levels have historically marked short-term market bottoms, often leading to rebound phases. However, he added that Bitcoin remains below its 21-day moving average, indicating that price stabilization has yet to occur.Over the past week, Bitcoin ETFs recorded approximately $1.2 billion in net outflows, reflecting lingering investor caution. Analysts advise remaining prudent until clear macroeconomic or policy catalysts emerge to restore confidence.