🥵Fear & Greed Index just hit 5.$ESP

That’s extreme fear.$UNI

In fact, this matches the lowest reading ever recorded.$BERA

Last time we saw anything close to this?

August 2019 - 6.5 years ago.

Back then:

- Sentiment was crushed

- Most people had given up

- Smart money was quietly positioning

Extreme fear doesn’t guarantee a bottom.

But historically, these levels show up when panic is high and sellers are exhausted.