Bitcoin Sentiment Plummets to February Lows as Panic Peaks

Recent reports from Utoday indicate a dramatic decline in Bitcoin's market sentiment, which has fallen to levels not observed since February. This plunge is characterized as 'extreme panic' among market participants. The current sentiment metrics suggest a deeply bearish outlook, prompting discussion among analysts about whether such historically low sentiment could potentially signal a market bottom, often considered a precursor to a price reversal.