{"id":78185,"date":"2026-03-29T07:48:19","date_gmt":"2026-03-29T07:48:19","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=78185"},"modified":"2026-03-29T07:48:19","modified_gmt":"2026-03-29T07:48:19","slug":"extreme-fear-is-back-but-bitcoins-price-recovery-depends-on-it-santiment","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=78185","title":{"rendered":"\u2018Extreme Fear\u2019 Is Back but Bitcoin\u2019s Price Recovery Depends on it: Santiment"},"content":{"rendered":"
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Bitcoin dipped to a four-week low on Friday at $65,500 after it was rejected at $72,000 a few days earlier, which pushed the overall market sentiment back to \u2018extreme fear\u2019 territory.<\/p>\n

However, the analysts from Santiment believe this could be the precise push BTC needs to stage a notable recovery.<\/p>\n

Fear Dominates<\/h2>\n

CryptoPotato<\/em> has repeatedly reported<\/a> over the past few months that the Bitcoin Fear and Greed Index has been predominantly in an \u2018extreme fear\u2019 state, which was quite expected since the asset plunged by over 50% in months from its October ATH to the early February bottom.<\/p>\n

However, there was some relief on the matter in the last 10 days or so, when BTC tapped $76,000 on March 18 and $72,000 a week later. Nevertheless, the subsequent rejection drove it south once again, dropping<\/a> to $65,500 on Friday for the first time since the beginning of the month.<\/p>\n

This meant that BTC, which was once the top-performing non-oil asset after the war against Iran began, had erased almost all gains charted within that period.\u00a0The Index followed suit, as it dropped back down to \u2018extreme levels,\u2019 currently showing 9.<\/p>\n

According to Santiment, this could actually be a blessing in disguise. The analytics company has doubled down on its belief that BTC tends to move in the opposite direction of what the crowd expects from it, which could drive the next leg up.<\/p>\n

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\"\ud83d\ude28\" With Bitcoin dropping as low as $65.6K for the first time since March 1st, sentiment has dipped into \u2018extreme fear\u2019 territory among retail traders. Historically, crowd FUD is a needed ingredient for a relief rally because markets move opposite to the crowd\u2019s expectations.<\/p>\n

\"\ud83d\udc40\"\u2026 pic.twitter.com\/w5vdn70hhN<\/a><\/p>\n

\u2014 Santiment (@santimentfeed) March 27, 2026<\/a><\/p>\n<\/blockquote>\n