Market sentiment has sharply deteriorated, with the greed index dropping to a low point. According to the latest data from Coinglass, the current crypto market greed index is only 11, down 2 points week-over-week, creating an extreme panic atmosphere. Recent performance has been even worse: the 7-day moving average hovers around 14, and the 30-day moving average has also fallen to 28. This set of data fully reflects the rapid shift in investor sentiment, and the market has entered a deep pessimistic zone. A low greed index typically indicates a buying opportunity, but it may also mean more room for risk to be released.

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