Bitcoin Sentiment Sinks to April Lows as Analysts Warn of Market Turning Point
Crypto Fear & Greed Index Falls Below 30 Amid BTC Price Dip
Bitcoin sentiment has plunged to its lowest level since April, with the widely watched Crypto Fear & Greed Index dropping to 28/100 on Friday. The move reflects a surge in market anxiety as BTC slipped below $109,000, erasing billions in value.
The last time fear was this pronounced, Bitcoin was trading near $83,000, just days after recovering from a steep fall to $75,000.
Price-Sentiment Divergence Raises Questions
The index, which tracks market emotions on a scale of 0 (extreme fear) to 100 (extreme greed), lost 16 points in a single day.
Crypto analyst and YouTube host Michael Pizzino noted the unusual divergence:
“More fear and a higher price,” he wrote, pointing out that Bitcoin remains over $25,000 higher than during the last comparable fear level.
Analysts suggest this disconnect could signal a potential turning point for Bitcoin. However, Pizzino cautioned:
“Could this be the turning point Bitcoin and crypto has been waiting for? The analysis looks good, but it has not been confirmed.”
Retail Fear, Whale Accumulation
The sudden shift in sentiment has been accompanied by widespread impatience and bearishness among retail traders. According to research platform Santiment, social media chatter overwhelmingly predicts lower prices ahead — a signal that has historically preceded rebounds.
At the same time, data shows large-volume traders increasing their exposure, suggesting institutional buyers may be preparing for a recovery.
Santiment explained:
“Historically, lower price predictions increase the likelihood of higher prices, while overly bullish calls often mark tops.”
Fear & Greed Index Known for Swings
This is not the first dramatic move in sentiment this year. In February, the Fear & Greed Index collapsed to just 10/100 during market turmoil tied to US trade tariffs, before rebounding alongside Bitcoin’s recovery.
With BTC hovering near $109,000 and sentiment deep in “fear,” analysts are watching closely for whether $110K proves a support or a breaking point.
