TechFlow news, October 20: According to the latest report by independent analyst Markus Thielen, Bitcoin's real-time Greed and Fear Index has dropped to 9%, falling below the extreme fear threshold of 10% once again. Historical patterns suggest such sentiment lows often precede short-term rebounds, potentially serving as a contrarian buying signal. However, the index's 21-day moving average shows no clear signs of stabilization, combined with approximately $1.2 billion in net outflows from Bitcoin ETFs last week, ongoing market uncertainty, and Bitcoin's price still trading below its 21-day moving average, indicating that overall market sentiment remains weak. Analysts advise investors to maintain a cautious stance until clear macro or policy catalysts emerge.
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