The cryptocurrency market has been in a state of extreme fear for 14 consecutive days, surpassing the period of the FTX collapse

The Crypto Fear and Greed Index shows that market sentiment has been in extreme fear for 14 consecutive days, with the index dropping to 20 on December 26, marking one of the longest periods of fear since the index was launched in February 2018.

Notably, despite Bitcoin's current trading price of about $88,650, which is five times higher than the $16,000 during the FTX collapse in 2022, the level of market fear is even greater. Bitcoin has fallen nearly 30% from its historical high of $126,080 on October 6.

Alphractal data shows that Google search volume for cryptocurrencies, Wikipedia page views, and forum discussions have all significantly decreased, with social engagement returning to bear market levels. However, traditional retail investors are still entering the market, with the U.S. Bitcoin ETF attracting over $25 billion in inflows by 2025.