Crypto Sentiment Weakens Sharply in February as Bitcoin Faces Risks of Further Downside

Crypto market sentiment has deteriorated sharply, with Matrixport’s Greed & Fear index falling to extremely depressed levels, suggesting the market may be approaching another inflection point.

Even so, Matrixport suggested that Bitcoin may still see downside ahead.

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Sentiment Signals Possible Inflection Point For Bitcoin

In a recent market update, Matrixport said overall sentiment has dropped to extreme lows, reflecting broad-based pessimism across the digital asset space.

The firm…