Key takeaways for traders:

• 🧠 Sentiment is fully washed out — fear dominates social media, news, and positioning
• 🐻 Retail traders are increasingly capitulating, often near local or cycle lows
• 🐋 Historically, such extremes tend to appear closer to bottoms than tops
• ⚠️ However, extreme fear does not guarantee an immediate reversal

According to sentiment analysts, discussions around Bitcoin have shifted almost entirely from “when bounce?” to “how low can it go?” — a classic sign of late-stage bearish psychology.

From a contrarian perspective, moments like this often set the foundation for powerful rebounds, once selling pressure is exhausted. That said, in macro-driven bear phases, extreme fear can persist longer than expected.

For now, the signal is clear:

📉 Fear has peaked

📊 Volatility remains elevated

⏳ Patience and risk management are critical

Markets don’t bottom on good news — they bottom when everyone is scared.