We have the price of bitcoin over $60k and yet it is in the Fear Zone.
That is exactly what you want to see as an investor.
(Source: https://x.com/CarlBMenger/status/1807152454611636441/photo/1)
The last time we were at these levels was when the price was less than half of what it is today.
From a sentiment standpoint this is the best chance to buy bitcoin in over a year.
Sure the price might be higher than it was but the sentiment wasn't as bad as it is now.
We have a lot of potential bankruptcy selling to chew through, but hopefully it isn't as bad as people think it's going to be and bitcoin just burns through it all and grinds higher anyways.