Bitcoin investors officially ‘fearful’ of a further fall

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Last Updated on 11 February 2025 by CryptoTips.eu

Every stock market has a so-called fear gauge, or a thermometer that lets you discover the ‘mood’ of investors. For the American and European stock exchanges we normally look at the ‘Vix’ (the volatility index), for crypto we use the ‘fear and greed index’.

Yesterday, that fear and greed one fell below 50 for the first time in a long time, which means that there is more ‘fear’ than ‘greed’ in the market, or more potential sellers than buyers. Last month we had ‘greed’, now we have ‘fear’.

Advertentie.

Bitcoin basher

 

85-year-old American economist Eugene Fama, former winner of the Nobel Prize for Economics, went viral on Monday after declaring in a podcast that Bitcoin’s price would be zero within 10 years.

Of course, a Bitcoin basher is nothing new among the older generations, but this message comes at a time when the largest cryptocurrency is not doing particularly well and a mild panic is breaking out among investors due to the lack of a new record.

Thus, Bitcoin’s short-term prospects depend on the largest digital coin’s ability to maintain the support line at the $93,000 level. A decline below the $90,500 level could signal a bearish trend, which would likely further deteriorate market sentiment.

Both of these price levels are seen as crucial in determining Bitcoin’s near-term future.

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
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