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Bitcoin Fear and Greed Index hit a new low in Extreme Fear: Why did the Bitcoin Fear & Greed Index fall to 16 Will BTC rebound or a sharp collapse imminent?

Bitcoin Fear and Greed Index plunged to 16 after BTC dropped 23% from its all-time high, reaching $96,841. The crash was driven by 815,000 BTC sold by long holders, fading Fed rate cut hopes, and delayed US economic data. Over $1 billion in leveraged positions were liquidated, deepening fear sentiment. Altcoins like Ethereum and Solana also fell sharply. Extreme fear signals panic selling but historically can precede rebounds. Macro uncertainty still threatens further losses. Sentiment remains cautious, making the market fragile and direction unclear.