The fact that many retail investors are calling a market bottom based on various indicators and arguments suggests that the market is still operating within a relatively predictable framework. A situation like this does not create genuine confusion or fear. True fear emerges when no data can be trusted, when the market becomes unpredictable, and when every framework investors rely on begins to break down. Real fear is a state of chaos where no one can confidently determine the market's direction. In fact, today's market is far more sophisticated than it was in the past. Investors have access to a vast amount of high-quality data and information, and countless analyses are built upon historical examples, statistics, and established market patterns. Many people point to the Fear & Greed Index and claim that the market is in a state of fear. However, the reason this is not genuine fear is that everyone already knows what happened in previous cycles. Historically, periods of extreme fear have often turned out to be excellent buying opportunities, and the market has repeatedly rebounded from those conditions. In other words, people may be looking at a fear indicator, but they are not actually feeling fear. Instead, their first thought is often, "This is an opportunity." Even if Bitcoin were to break below $60K under these conditions, many participants would likely continue to interpret the decline as a buying opportunity. They would point to historical data, argue that the market is forming a bottom, and claim that the sell-off will ultimately prove to be another attractive entry point. That is precisely why the current environment appears risky to me.(mignolet)