Bitcoin (BTC) Fear & Greed Index at 29, remains in 'Fear' zone

Bitcoin's Crypto Fear & Greed Index fell to 29 on the 11th, down 3 points from the prior day's 32, keeping the market in "fear" territory. The reading is well below the 69 recorded a month earlier, though the index has hovered in fear since dropping from neutral 50 on the 5th to 28 on the 6th and hitting extreme fear at 25 on the 7th. Alternative.me's 0-100 gauge, where 0 signals extreme fear and 100 extreme greed, shows sentiment has stabilized in the high-20s rather than entering a new zone. The sustained fear reading matters as a gauge of investor risk appetite amid recent volatility. Watch whether the index can reclaim the neutral 50 level or slips back toward the extreme-fear threshold seen earlier in the month.