X @Poloniex Exchange

Market Sentiment Analysis - Extreme Fear often signals deep capitulation zones in the market [1] - The index hit 8 during the March 2020 (COVID crash), Bitcoin bottomed near $4 thousand and started a multi-month recovery [1] - The index fell to 6-10 in June 2022 (post-Luna meltdown), Bitcoin formed a local bottom around $17 thousand before an upward grind [1] - The index was 10-15 during the Nov-Dec 2022 (FTX collapse), Bitcoin stabilized and later initiated a 2023 recovery rally [1]