The cryptocurrency market is experiencing heightened panic, with Bitcoin sentiment dropping below levels seen during the Covid crash and the FTX collapse. The Crypto Fear & Greed Index has plunged into "extreme fear" territory, suggesting a potential buying opportunity for long-term investors. Historically, Bitcoin has rebounded strongly after periods of extreme fear, rewarding those who invested during market downturns. Current market conditions mirror past cycles where fear dominated, leading to heavy selling and increased volatility. Despite short-term uncertainty, Bitcoin's core fundamentals and adoption trends remain robust, according to long-term believers. While no outcome is guaranteed, seasoned traders often view these emotional extremes as signals for potential market bottoms.