Bitcoin Fear & Greed Index Plunges to 24 — Bitwise Urges “Buy the Dip” as Sentiment Hits Yearly Low

Weak Bitcoin performance has dampened investor enthusiasm, with Google search interest sliding to a multi-month low and the Crypto Fear and Greed Index reading at 24, down sharply from 71 a week earlier, reflecting a pronounced sentiment pullback.

The latest metric profile aligns with a classic bear market posture, as broad risk aversion dominates crypto capital flows; parallels to April’s brief drop below $74,000 for Bitcoin and earlier fatigue cycles in 2018 and 2022 underscore tightening risk appetite.

Institutional research from Bitwise attributes the correction to external drivers—notably renewed U.S.-China trade tensions—and characterises a recent forced liquidation as having materially reduced selling pressure, suggesting a measured buying the dip strategy may represent a disciplined entry ahead of typical fourth-quarter seasonal strength.