The fear index remains in the “extreme” zone — panic persists
Interest in cryptocurrencies on Google Trends has dropped to a yearly low of 27 out of 100, signaling a sharp decline in retail attention. This aligns with the Crypto Fear & Greed Index, which has remained in Extreme Fear territory for more than two weeks, with the current reading at 24 points.
The prolonged bearish sentiment is driven by a mix of macroeconomic uncertainty and investor fatigue. Tight financial conditions, concerns about slower economic growth, and the absence of fresh liquidity catalysts are keeping capital away from risk assets, including crypto.
Psychology is playing a major role as well. After strong market moves earlier, many retail participants either locked in losses or exited at breakeven, reducing their willingness to re-enter. Low trading volumes and muted volatility reinforce the perception of a stagnant market.
Historically, extended periods of extreme fear rarely persist indefinitely, but they can last longer without a clear trigger. Until a new demand driver or a shift in the macro narrative emerges, the crypto market is likely to remain in a wait-and-see phase where fear continues to outweigh greed.
