Fear and Greed Index Matches June 2022 Levels Amid Market Correction

Amid the ongoing market correction, the cryptocurrency fear and greed index dropped to 10 points, indicating a zone of extreme panic. Such levels were last seen in June 2022.

On February 26-27, Bitcoin’s price hit a local low of $82,256 on the Binance exchange. The decline over the past seven days exceeded 11%, according to CoinMarketCap.

The likely cause of market turbulence is the deteriorating macroeconomic backdrop following the imposition of 25% tariffs on trade with the EU by US President Donald Trump, which also negatively impacted the S&P 500 index. 

MN Capital founder Michaël van de Poppe noted that such low index values were last seen during the collapse of the DeFi ecosystem Terra and the LUNA token.

#Crypto fear & greed index is 10.

The last time we’ve seen this number was on the day of the $LUNA collapse.

Since then, Bitcoin rallied 500%.

It’s a rare occassion where sentiment is ultra negative and buying opportunities are tremendously good. pic.twitter.com/QvzTRMsRgF

— Michaël van de Poppe (@CryptoMichNL) February 27, 2025

“Since then, Bitcoin rallied 500%. It’s a rare occasion where sentiment is ultra negative and buying opportunities are tremendously good,” the expert emphasized.

CryptoQuant CEO Ki Young Ju also urged market participants not to panic.

If you’re panic selling now, you’re probably a noob.

A 30% correction in a #Bitcoin bull cycle is common—it dropped 53% in 2021 and still recovered to an ATH.

Buying when prices rise and selling when they fall is the worst investment strategy. Invest with a clear plan. pic.twitter.com/eYwW1VXd8C

— Ki Young Ju (@ki_young_ju) February 27, 2025

“If you’re panic selling now, you’re probably a noob.  

A 30% correction in a Bitcoin bull cycle is common. In 2021, the price dropped 53% but still reached a new all-time high.  

Buying when prices rise and selling when they fall is the worst strategy. Invest with a clear head and a solid plan.”

Earlier, Bitfinex analysts described the current market correction as “critical.” 

According to their observations, the correlation of the leading cryptocurrency with traditional financial markets is strengthening. Investor activity is subdued by macroeconomic instability.