The market fear index plunged directly to 23 today.

What does this number mean? According to historical experience, when the index drops into the "extreme fear" range (0-24), it often means the market is not far from a local bottom. Every time market sentiment collapses to this level, there are always people quietly picking up bargains in the shadows.

Why did it drop this much? Three reasons combined:

The Fed’s rate cut expectations suddenly cooled off, causing risk assets across the board to get hit. Bitcoin ETFs have seen continued net outflows recently, so institutional buying support has temporarily disappeared. Even more crucially, global capital is now focused solely on the AI sector, draining liquidity from the crypto market significantly.

What should you do in this situation?

First, understand that extreme fear is just the market pendulum swinging to an extreme. History tells us that when emotions reach the limit, they often reverse. But that doesn’t mean you should go all-in blindly— the fear index is just a sentiment thermometer, not a timing tool. The truly smart approach is to combine it with technical analysis and on-chain data, like checking what whale addresses are doing lately or if exchange balances have changed.

This is exactly the time when the old saying applies: “Be greedy when others are fearful.” But greed doesn’t mean being reckless—it means watching the market closely and looking for quality assets that have been unfairly beaten down.

The market is already at an extreme low. While retail investors are trembling, are the whales quietly accumulating underwater? History never repeats itself exactly, but it always rhymes.

Will you choose to follow your fear now, or start looking for reasons to be greedy?