Crypto Market Slips Into ‘Extreme Fear’ After Bitcoin Fails to Hold $100,000 Level

The recent downturn in the cryptocurrency market, marked by Bitcoin's failure to hold the $100,000 threshold, has led to a sentiment of 'extreme fear' among investors. This sentiment aligns with observations from other analysts, who note that Bitcoin is currently under pressure, hovering near critical support levels around $102,000. As traders eye potential rebounds, the market remains cautious, influenced by profit-taking and institutional outflows. The coming days are crucial, as they may determine whether this is a final washout before a significant rally or a deeper decline.