The Bitcoin Fear & Greed Index has remained in the 'extreme fear' category for 13 consecutive days, currently standing at 23. This index evaluates market sentiment by analyzing factors such as market cap dominance, trading volume, and social trends. Despite the prolonged fear, Bitcoin's price has shown little movement, trading around $87,500, similar to its position a week ago. The market continues to consolidate following November's lows, with no significant breakout in sight.