{"id":475837,"date":"2022-07-20T07:57:25","date_gmt":"2022-07-20T04:57:25","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoins-longest-extreme-fear-streak-finally-breaks\/"},"modified":"2022-07-20T07:57:25","modified_gmt":"2022-07-20T04:57:25","slug":"bitcoins-longest-extreme-fear-streak-finally-breaks","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoins-longest-extreme-fear-streak-finally-breaks\/","title":{"rendered":"# Bitcoin&#8217;s longest &#8216;extreme fear&#8217; streak finally breaks"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a373c49c4392\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a373c49c4392\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoins-longest-extreme-fear-streak-finally-breaks\/#%E2%80%9D_Bitcoins_longest_%E2%80%98extreme_fear_streak_finally_breaks_%E2%80%9C\" >&#8221; Bitcoin&#8217;s longest &#8216;extreme fear&#8217; streak finally breaks &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Bitcoins_longest_%E2%80%98extreme_fear_streak_finally_breaks_%E2%80%9C\"><\/span>&#8221; Bitcoin&#8217;s longest &#8216;extreme fear&#8217; streak finally breaks &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDcvNmNkNWNhMGUtOTlhMC00NmZiLTg1MWItNDMxYTlhMGQ2NWVlLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-28d77a7a>Bitcoin (BTC) on Tuesday finally escaped the \u201cextreme fear\u201d zone after a whopping 73 days, coinciding with a 19% weekly increase in Bitcoin (BTC) as bulls make their way back to the market.\u00a0<\/p>\n<p>The Crypto Fear and Greed <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/alternative.me\/crypto\/fear-and-greed-index\/\">Index<\/a> increased from \u201cextreme fear\u201d to merely &#8220;fearful&#8221; on July 19, reaching a score of 30 out of 100. It has gained slightly since then to the current index score of 31.<\/p>\n<p>The Index analyzes the current sentiment of the overall crypto market, scoring between 0 to 100. The index is based on mainly on Bitcoin market volatility, volume and dominance, <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social media<\/a> sentiment, surveys and search trend data.\u00a0<\/p>\n<p>On-chain metrics firm <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/santimentfeed\/status\/1549474760072957952?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\">Santiment<\/a> on Twitter noted that traders are \u201cchanging their tune\u201d and are starting to look towards a long-term breakout of the cryptocurrency.<\/p>\n<p>According to the firm, BTC\u2019s average funding rate on exchanges has hit its highest levels in the last two months as BTC\u2019s price rises above $23,600 \u2014 which could indicate a level of Fear of Missing Out (FOMO) is present. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"> Traders are changing their tune and are smelling a long-term breakout after a dominant <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> Tuesday. With the #1 market cap asset in <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/crypto?src=hash&amp;ref_src=twsrc%5Etfw\">#crypto<\/a> surging, the ratio between <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/longs?src=hash&amp;ref_src=twsrc%5Etfw\">#longs<\/a> and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/shorts?src=hash&amp;ref_src=twsrc%5Etfw\">#shorts<\/a> is at its highest point since early May. Watch for <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/FOMO?src=hash&amp;ref_src=twsrc%5Etfw\">#FOMO<\/a>. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/4PcBhoKywd\">https:\/\/t.co\/4PcBhoKywd<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/dSPmazk1S1\">pic.twitter.com\/dSPmazk1S1<\/a><\/p>\n<p>\u2014 Santiment (@santimentfeed) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/santimentfeed\/status\/1549474760072957952?ref_src=twsrc%5Etfw\">July 19, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nGalaxy Digital CEO Mike Novogratz continues to tout optimism for the lead cryptocurrency, telling a Bloomberg conference on June 19 that he expects\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=DtFucHueMG8&amp;t=3s&amp;ab_channel=BloombergLive\">BTC<\/a> to surge above $500,000 within the next 5 years. <\/p>\n<blockquote><p>\u201cThis is a story of two things \u2014 it is about adoption and global economics. And while this is a bump in the road in adoption, it is certainly not a U-turn\u201d.<\/p><\/blockquote>\n<p>&#8220;We continue to see institutions [\u2026] that haven&#8217;t gotten involved yet, who see this as an opportunity,\u201d he added. <\/p>\n<p>Novogratz also believes \u201cthe worst has h<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ened\u201d and \u201cnow we\u2019re rebuilding with a couple good days in a row. He also noted that there is &#8220;a good story with Ethereum and the Merge, the global macro markets are at max bearishness.\u201d<\/p>\n<p><strong><em>Related: Is the bottom in? Raoul Pal, Scaramucci load up, Novogratz and Hayes weigh in<\/em><\/strong><\/p>\n<p>On the other hand, Grayscale\u2019s \u201cBear Markets in Perspective\u201d report suggests that the current bear market may last for another 250 days.<\/p>\n<p>Product-comparison platform Finder has made a similar prediction as part of a Bitcoin prediction survey on July 12,\u00a0 with five Fintech professionals at Finder and 53 industry experts suggesting that BTC will bottom out at $13,676 before making an uptrend towards $100,000 before 2025 and $300,000 by 2030. <\/p>\n<p>Bitcoin is priced at $23,318 at the time of writing.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-s-longest-extreme-fear-streak-finally-breaks\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Bitcoin&#8217;s longest &#8216;extreme fear&#8217; streak finally breaks &#8220; Bitcoin (BTC) on Tuesday finally escaped the \u201cextreme fear\u201d zone after a whopping 73 days, coinciding with a 19% weekly increase in Bitcoin (BTC) as bulls make their way back to the market.\u00a0 The Crypto Fear and Greed Index increased from \u201cextreme fear\u201d to merely &#8220;fearful&#8221;&#8230;<\/p>\n","protected":false},"author":1,"featured_media":475838,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDcvNmNkNWNhMGUtOTlhMC00NmZiLTg1MWItNDMxYTlhMGQ2NWVlLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[79806,74862,81951],"class_list":["post-475837","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-analysis","tag-bitcoin","tag-bitcoin-analysis"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/475837","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=475837"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/475837\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/475838"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=475837"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=475837"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=475837"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}