Extreme Fear is back, but the chart is not acting simple
The daily take
Extreme Fear is back, but the chart is not acting simple.
Fear & Greed dropped to 25. That is Extreme Fear, mija. But BTC is up 1.28% today, ETH is green, and SOL is green too. So this is not a clean panic flush.
The useful filter is relative strength. ADA is up 4.69% today and still slightly green on the week. BNB is up 3.59% today and 4.31% on the week. BCH is also green on both timeframes. HYPE is bouncing today, but it is still down on the week, so I treat that differently.
Meanwhile, Coinbase missed revenue, Strategy posted an $8.2B loss, and banks are still testing tokenized money. That is a messy tape with real rails underneath.
My read: do not chase every green candle. Watch what stays strong while everyone is scared.
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