According to Ai 姨 (@ai_9684xtpa), the Fear and Greed Index has dropped to 10, indicating extreme fear in the market. In the past 13 hours, Ethereum whales and institutions have sold 8,074 ETH, valued at $19.63 million, with an average selling price of $2,431. This sell-off is contributing to the ongoing market downturn.

According to Miles Deutscher, the best times for purchasing Bitcoin (BTC) are historically during periods of extreme fear as indicated by the Fear and Greed Index, which often correlates with lower BTC prices, presenting potential buying opportunities. This analysis highlights the significance of market sentiment indicators in making trading decisions.