Highlights:
The Crypto Fear & Greed Index has returned to levels last observed when Bitcoin was priced at $83,000.
Analysts speculate if the BTC price “turning point” has arrived.
Behavior on social media indicates an expected price rebound.
Bitcoin (BTC) sentiment dropped significantly overnight on Thursday due to a new price dip leading to additional liquidations.
Recent data from the Crypto Fear & Greed Index indicates that the mood is now dominated by “fear.”
Bitcoin sentiment mirrors April lows
Bitcoin, approaching monthly lows beneath $109,000, quickly influenced market sentiment.
The Fear & Greed Index, lagging behind market changes, dropped to just 28/100 on Friday, the lowest since April 11. The index fell by 16 points in a day.
“INCREASED fear and a RISING price,” noted crypto YouTube host Michael Pizzino in an X post.
Pizzino pointed out the increasing disconnect between sentiment and price.
The last instance when the Fear & Greed Index was below 30/100 coincided with BTC/USD trading around $83,000, shortly after recovering from lows of $75,000, according to data from Cointelegraph Markets Pro and TradingView.
Consequently, some analyses suggested that the market might be set for a reversal.
“Is this the turning point Bitcoin and Crypto have been anticipating? The analysis appears promising, but it hasn’t been validated,” Pizzino noted.
The Fear & Greed Index has shown volatility throughout 2025. As previously reported by Cointelegraph in February, the Index plummeted to just 10/100 due to macroeconomic uncertainties surrounding US trade tariffs.
“Impatience and bearishness” dominate BTC price trends
Signs of a potential BTC price rebound appeared even before the recent downturn.
Related: Four reasons Bitcoin is struggling to match all-time highs of gold and stocks
On Tuesday, Santiment, a research platform, highlighted that social media users were already expecting lower prices soon.
“As is often the case, social media discussions reflect predictions regarding Bitcoin’s future direction. Historically, predictions of lower prices enhance the likelihood, while higher predictions can signify lower future values,” it explained to its X followers.
Santiment noted a “high level of impatience and bearishness emerging from retail investors.”
Meanwhile, data indicated that large-volume traders have been increasing their positions recently.
This article does not constitute investment advice or recommendations. All investment and trading decisions involve risk, and readers should perform their own research before making any decisions.
