The crypto market has been in a state of extreme panic for 14 consecutive days, surpassing the period during the FTX collapse.

The Crypto Fear and Greed Index shows that market sentiment has been in extreme fear for 14 days in a row, with the index dropping to 20 on December 26, marking one of the longest periods of panic since the index was launched in February 2018.
Notably, despite Bitcoin's current trading price of approximately $88,650, which is five times higher than the $16,000 during the 2022 FTX collapse, market panic levels are even more intense. Bitcoin has fallen nearly 30% from its all-time high of $126,080 on October 6.
Alphractal data indicates that cryptocurrency-related Google searches, Wikipedia views, and forum discussions have all significantly declined, with social volume returning to bear market levels. However, retail investors in traditional finance are still entering the market, with over $25 billion flowing into the US Bitcoin ETF by 2025.