Bitcoin at Extreme Fear levels
The Fear and Greed Index is indicating Extreme Fear
While this indicator isn't great at picking bottoms, it's pretty good and picking ranges.
When things get fearful the bottom is near and when things get greedy, the top is near.
Right now, we are at Extreme Fear levels:
(source: https://twitter.com/Bitcoin/status/1467520946294509573/photo/1)