Bitcoin's recent downturn has led to a significant drop in market enthusiasm, with Google search interest reaching a multi-month low. The Fear & Greed Index has plummeted to 24, marking its lowest point in a year and indicating a 'fear' sentiment, a sharp decline from 71 last week. Bitwise analysts André Dragosch, Max Shannon, and Ayush Tripathi suggest that the current market conditions, characterized by external factors driving the correction, present a strategic opportunity to 'buy the dip'. Historically, such extreme sentiment levels have often preceded market rebounds.
Bitwise Analysts Advocate Bitcoin Accumulation Amid Market Fear
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