Fear and Greed Index in Fear 30% of the Past Year, Bitcoin Back in Extreme Fear

Market Sentiment - Bitcoin struggles to maintain a price above $90,000, with the Crypto Fear and Greed Index currently at 17, indicating extreme fear among investors [1] - Fear has been prevalent since the October liquidation crash, with Bitcoin dropping 36% from its all-time high, and currently trading nearly 30% below that peak [2] U.S. Equities - A similar sentiment of fear is observed in U.S. equities, with the CNN Fear and Greed Index at 42, despite the S&P 500 trading around 6,827, close to its all-time high [3] Technical Indicators - Bitcoin entered a death cross in November, where the 50-day moving average fell below the 200-day moving average, coinciding with a local bottom near $80,000 on November 21 [4] - Historical data shows that every death cross in the current market cycle since 2023 has marked a significant local bottom, highlighting its importance as a contrarian indicator [4]