The Investor Confidence Index has hit "extreme negative values," staying below -0.3 for several days since February 18. The signal is pretty straightforward—investors’ confidence in BTC’s trend is on the verge of collapse... Is this bad news or good news? Personally, I think it’s a mixed bag. The downside is that once confidence is shattered, it’s tough to rebuild in the short term. We’re probably talking months, maybe even quarters, before the gloom lifts. The upside? Historically, whenever the confidence index drops this low, we either see a decent rebound or we’re getting really close to a bear market bottom. What goes down must come up—it’s just how the market works!