The crypto market has left traders confused as it strays from traditional patterns and recently became ‘neutral’ on the Crypto Fear & Greed Index. One trader noted Bitcoin’s pricing is undervalued by up to $100,000, causing expectations of a potential significant market correction.
On February 3, external factors led to a historic liquidation where over $2.24 billion was lost in just 24 hours. Although Bitcoin faces volatility, some analysts assert that the broader crypto market is on the brink of substantial growth, contrary to widespread bearish sentiment.