Market Stays Fearful, But On-Chain Data Shows This Could be the Bitcoin Bottom

The Bitcoin Fear & Greed Index is at “Fear,” a classic contrarian signal that often marks market bottoms Key on-chain data, like the STH Realized Price, is confirming a potential reversal at current levels The main risk is a drop below $108k, which would confirm a bearish “double-top” pattern instead The Bitcoin Fear & Greed Index has just flashed “Fear,” a classic contrarian buy signal, as the price bounces hard off the $107,500 support level to reclaim $110k. For traders, the question is whether this is the real bottom and a prime “buy the dip” opportunity, or is it a bull trap before another leg down. Why “Fear” Can Be a Buy Signal The core of the bull case is that the market is showing signs of peak fear, which is often when the smart money starts to buy. Source: Bitcoin Magazine What is the Fear & Greed Index telling us? The index has dropped to a reading of 46 (“Fear”). While not “Extreme Fear,” this level of pessimism has historically appeared near market bottoms, especially when combined with other key on-chain metrics. So what are these other key on-chain metrics? The Bitcoin price is currently testing the Short-Term Holder’s (STH) R… The post Market Stays Fearful, But On-Chain Data Shows This Could be the Bitcoin Bottom appeared first on Coin Edition .