Over 70 days of panic, is the market "bottoming out" or "losing heat"?

I just saw a set of data showing that the crypto fear and greed index has been in the fear zone for over 70 days, today it directly dropped to 8, extreme fear! From the peak of 126,000 in December 2025, it has now fluctuated between 65,000 and 70,000, and Ethereum has dropped more than 60% from 4,950. Even worse, altcoins—38% of altcoin prices are close to historical lows, which is a higher percentage than when FTX collapsed.

Many people are panicking now, asking if they should cut losses.

My view is very simple: the fear index has been lying on the floor for a long time, indicating that those who should have run have already run; what remains are either the ones stubbornly holding on or those waiting for an opportunity. Funds have been flowing out of altcoins frantically, all squeezing into Bitcoin, with the dominance rate reaching 56.5%, indicating that the market is "hiding," not "gambling."

At this time, I am not a left-side buyer nor a panic seller. Position control is important, primarily focusing on spot trading, reducing leverage, and waiting for the right-side signal. You should know that after extreme fear, it often does not reverse immediately, but rather grinds down until most people dare not move, then the market might quietly start to rise.

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