'Extreme Fear' Hits Bitcoin For First Time In 3 Months As BTC Plunges Bitcoin's fear and greed index has dropped to its lowest level in 3 months, indicating extreme fear among investors. Recent market volatility, including a significant price drop following the Binance hack and US mid-term results, contributed to this decline. Historically, similar low readings on the index have preceded significant price recoveries for Bitcoin, indicating potential for recovery despite current concerns.