Индекс рыночных настроений фиксирует 14 дней «экстремального страха» на фоне апатии инвесторов Translation: Headline: Market Sentiment Index Records 14 Days of Extreme Fear Amid Investor Apathy

The widely recognized market sentiment index has indicated «extreme fear» for two consecutive weeks, starting from December 13.

As this article is being written, the index stands at 20, marking one of the longest stretches of negative sentiment since the indicator’s inception in February 2018.

The chart below illustrates a sharp decline in the index readings on October 10-11, coinciding with a significant market correction that featured record levels of deleveraging.

Currently, Bitcoin is trading around $88,480, nearly 30% lower than its all-time high of $126,000, which was recorded shortly before the aforementioned «Black Saturday.»

The present fear index figures are below those from November 2022, during the period of the FTX collapse, an event that severely damaged the industry’s reputation and led to a drop in the first cryptocurrency’s price to $16,000.

This metric takes into account market volatility, trading volumes, social media sentiment, trends, and the level of dominance of digital gold in the market.

The platform Alphractal reported a significant decrease in interest within the industry, with declines noted across various fronts: from search queries and Wikipedia reads to discussions in communities.

Social activity indicators have reverted to «typical values of a crypto winter.» Researchers noted that by December 2025, retail investors had fallen into apathy and exited the market.

It’s worth mentioning that despite the prevailing pessimism, companies Bitwise and Grayscale anticipate new price records for Bitcoin in 2026.