The Crypto Fear and Greed Index, which reflects the overall emotional background of the crypto market, has dropped to 43. This is the lowest level since last October.
Fear is indicated on the scale by a value from 26 to 46. At these levels, bearish sentiment is assumed to prevail.
Experts have noted that the market correction was predictable, given the growth in Bitcoin capitalization before the halving. Following the halving at the end of April, investors were buying on rumors and selling on news.
However, those who bought BTC at the end of March, when the price was at its all-time high, have been left at a loss.