Analysis: Crypto Market Rebound Suppressed by Extreme Fear, Short-Term Bears Still Dominate

Odaily The overall crypto market is under pressure, with Bitcoin expected to record its fourth consecutive weekly decline, marking its longest losing streak since mid-November last year. The current market is primarily driven by fear, as the Crypto Fear & Greed Index has remained in the "Extreme Fear" zone for nearly two consecutive weeks. Investors are more inclined to seek exit opportunities rather than chase positive news. Even when positive events occur, the market reaction is significantly muted. For example, after BlackRock announced the introduction of shares from its tokenized U.S. Treasury fund BUIDL to Uniswap, the UNI token initially surged by approximately 25%, but has since nearly erased all those gains, indicating that short-term bearish sentiment still dominates. (CoinDesk)