Extreme Fear is back. The index dropped to 12, and Bitcoin is now one step away from retesting $69K — a level that can easily decide the next trend.
Right now the chart is giving two clear scenarios:
🔹 Bullish relief path:
$BTC bounces from this zone and squeezes toward $73K before the next decision.
🔹 Bear continuation path:
If $69K breaks clean, we likely see acceleration downward as liquidity gets hunted.
But the bigger story is sentiment:
People are still waiting for “macro support” — and it’s not coming.
Scott Bessent confirmed the U.S. position:
confiscated $BTC stays, but the government has no interest in buying more.
So no “U.S. buys BTC” narrative. No rescue.
Meanwhile, Vitalik moved fast:
2,961.5 $SOL sold (~$6.6M) in only 3 days.
And on the political side, U.S. Congress launched an investigation into World Liberty Financial (Trump-linked DeFi). A $500M UAE deal is being questioned as a possible bribe. Records are due March 01.
Yet while fear dominates, Tether keeps expanding like a silent whale:
✦$192.9B reserves
✦$141.6B U.S. Treasuries
✦96,184 BTC
✦27.5 tons of gold
Retail feels fear. Institutions stack quietly.That’s the cycle.