Krutika Adani
The Bitcoin Fear and Greed Index has decreased to 22 from 34 last week.
The extremely low value indicates that the markets expect a huge selloff, and buyers are scared of buying crypto.
Whale-led sell-offs appear to be the strongest reason keeping Bitcoin prices down.
Bitmex founder Arthur Hayes expects Bitcoin to slide below $50k by the end of this week.
Bitcoin has been stable above $55k and may slide further to $49k if these current support levels break.