PANews 12月21日消息，据Alternative数据显示，今日恐慌与贪婪指数降至73（昨日为74），等级仍为贪婪。
注：恐慌指数阈值为0-100，包含指标：波动性（25%）＋市场交易量（25%）＋社交媒体热度（15%）＋市场调查（15%）＋比特币在整个市场中的比例（10%）＋谷歌热词分析（10%）。
[今日恐慌与贪婪指数降至73，等级仍为贪婪]

PANews 12月21日消息，据Alternative数据显示，今日恐慌与贪婪指数降至73（昨日为74），等级仍为贪婪。注：恐慌指数阈值为0-100，包含指标：波动性（25%）＋市场交易量（25%）＋社交媒体热度（15%）＋市场调查（15%）＋比特币在整个市场中的比例（10%）＋谷歌热词分析（10%）。<img src="https://static.fwimg.io/img/feed/532123d9548acc26ddfa5d136ec25941.jpg" alt="今日恐慌与贪婪指数降至73，等级仍为贪婪">

今日恐慌与贪婪指数降至73，等级仍为贪婪

PANews, December 21 news, according to Alternative data, the Fear and Greed Index today fell to 73 (74 yesterday), and the level is still Greed.

According to Alternative data, the Fear & Greed Index decreased to 73 today (74 yesterday), and the level remains Greedy.Note: The Fear Index threshold is 0-100, including indicators: Volatility (25%) + Market Trading Volume (25%) + Social Media Hype (15%) + Market Surveys (15%) + Bitcoin Dominance (10%) + Google Trends (10%).<img src="https://static.fwimg.io/img/feed/532123d9548acc26ddfa5d136ec25941.jpg" alt="The Fear & Greed Index decreased to 73 today, and the level remains Greedy">

Today's Fear and Greed Index dropped to 73, and the level is still Greedy

There is no eternal winter or summer in crypto; survival is the only narrative.

A Retrospective of Crypto Project Fatalities in 2025: Nearly $700 Million in Funding Raised, Former Star Projects Exit One After Another

The charts speak for themselves, and market sentiment has shifted accordingly. As 2025 draws to a close, we must face reality: Bitcoin has officially entered a bear market.

For months, traders and analysts have debated whether the price action was merely a consolidation phase or a deeper correction. Now, confirmation signals have arrived, not only in price but also in on-chain data, reversals in capital flows, and the convergence of fragmented market structures. While the term "bear market" often triggers panic, understanding the mechanisms behind this downturn is the first step to navigating this difficult period successfully.

This in-depth analysis will break down the factors defining the current landscape at the end of 2025...

Bitcoin has officially entered a bear market: On-chain evidence, fund flows, and how investors can profit.

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*This is not investment advice.
