Bitcoin 
$112,758.61‘s investor sentiment turned sharply negative. CryptoQuant analyst Axel Adlerdated 16 October X In his assessment on his account, he stated that the Bitcoin Integrated Sentiment Index fell back into the “extremely pessimistic” region. Although prices are still hovering around the cycle peak, investors’ risk appetite is weakening and market participation is falling significantly.
What is the Bitcoin Integrated Sentiment Index?
Bitcoin Integrated Sentiment Index It consists of a combination of three basic indicators to holistically measure the mood of the market. The first component, the Fear and Greed Index, tracks macro-level sentiment changes and volatility. The second component, CoinGecko’s voting rate metric, reflects the short-term trends of individual investors. The third layer is a sliding scaling layer. This layer provides a comparative normalization of the previous two indicators over a one-year time window.
The index provides measurements between -100 and +100. Positive outliers signal euphoria and ballooning, while negative outliers signal panic and capitulation. In the last chart shared by Adler, the index value fell below the -70 level and entered a new “Extreme Fear” zone at the same depth as the stress zones of 2024 and this year.
Contradictory Cycle in Bitcoin
According to Adler BitcoinAlthough the price of has remained close to the $100,000 band, investor behavior has become completely defensive. The analyst noted that fund inflows were limited, short-term transaction volume was low, and overall market liquidity was declining. This chart indicates a phase where the momentum of the rallies is waning and investors are looking for protection against possible corrections.
Similar to previous cycles extreme fear phases often triggered long-term periods of accumulation. However, the current picture shows that both institutional and individual investors maintain their cautious stance, and risk appetite still remains at low levels.
CryptoAppsy According to data, Bitcoin is trading at $ 110,890, with a decrease of 1.40 percent in the last 24 hours at the time of writing. Data is the biggest cryptocurrencyIt shows that the price of has decreased by 9.01 percent in the last 7 days.
