I just checked the crypto fear and greed index data on Coinglass — the indicator has risen to 25 points. Yesterday it was 24, so the movement is minimal, but the direction is upward. Although honestly, 25 is still extreme fear in the market.

Interestingly, the weekly average crypto fear and greed index remains at 18, and the monthly at 21. It turns out we have been in the extreme fear zone for some time, but today's jump at least shows that panic is slowly subsiding.

I notice that when the crypto fear and greed index is at such low levels, interesting buying opportunities usually start to appear. I'm not saying it's a signal to act, just an observation. The market is clearly in a depressed state, but such periods often precede rebounds.