Bitcoin is currently experiencing a significant drop in market sentiment, as indicated by the Crypto Fear & Greed Index falling below 30 for the first time since April. This shift comes despite Bitcoin trading at $25,000 higher than before, highlighting a growing concern among investors. Understanding these fluctuations is crucial, as they can signal potential turning points in the market, affecting investment strategies and overall confidence in cryptocurrencies.

Bitcoin's price has recently dipped below $110,000, currently hovering just above $109,000. This decline is significant as it aligns with the Crypto Fear and Greed Index, which has dropped to 29, indicating a shift towards Extreme Fear in the market. This sentiment can impact investor behavior and market stability, making it a crucial moment for those involved in cryptocurrency.