‘Extreme Fear’ +1, the crypto market has now experienced 240 instances of the index dropping below 20. Let’s take another look at our article from April. Reviewing the 239 instances of ‘Extreme Fear’ from 2018 to early 2025 over these six-plus years: fear often appears concentrated at the end of bear markets and the early stages of bull markets transitioning into decline. Among them, prolonged periods of deep fear are more indicative of an approaching phase bottom compared to sporadic fear. Author: @wsy2021111