Fear & Greed Index sits at 12 (extreme fear) but Mariano warns: We need to see single digits (6 or lower) to call a true bear market bottom. Why hasn't it dropped yet and what does that mean for your trades? 📊 https://youtu.be/QqVXnt4JrOY?t=1343…
#Bitcoin #FearAndGreed #MarketSentiment #CryptoTrading #BTC

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Author | Jeff Park (Chief Information Officer, Bitwise)
Compiled by Odaily Odaily(@OdailyChina)
Translator | Dingdang (@XiaMiPP)
Editor's Note: On February 5th, the cryptocurrency market experienced another sharp drop, with over $2.6 billion liquidated in 24 hours. Bitcoin briefly plummeted to $60,000, but the market seems to lack a clear consensus on the causes of this decline. Jeff Park, CIO of Bitwise, offers a new analytical framework from the perspective of options and hedging mechanisms. [...]

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