​Bitcoin sentiment in 'wild' divergence from reality as $53K B | Best Crypto Traders Official

​Bitcoin sentiment in 'wild' divergence from reality as $53K BTC triggers 'extreme fear'.

Bitcoin price action is just 20% from all-time highs, but the market has reentered "extreme fear" for the first time since $43,000.
Bitcoin (BTC) has stabilized at around $55,000 after dropping by $6,000 in a single day-but crypto market sentiment is still in shock.
According to the Crypto Fear & Greed Index as of Nov. 27, emotions are now at the most fearful since late September.
Crypto sentiment dives into "extreme fear".
Fear & Greed, which takes a basket of factors to compute a standardized sentiment score for crypto markets from 1-100, currently sits at 21.
Friday took its toll on the metric, with the score more than halving in 24 hours from its previous position of 47.
Those two readings correspond to sentiment going from "neutral" to "extreme fear" — missing out on the "fear" zone altogether.
While an expected reaction, the upheaval apparent the emotional state of market participants is becoming a source of amusement for some familiar names.
Investor and entrepreneur Alistair Milne noted that "extreme fear" is hardly an appropriate reaction to BTC/USD trading at $54,000. Indeed, the last time that the Bitcoin spot price was at those levels was in mid-October, Fear & Greed measured 78, otherwise known as an "extreme greed" territory.
"This much fear and we are at $54k. Wild," he summarized. 
On Sept. 30, when the Index last hit 21/100, BTC/USD traded at around $43,800 on Bitstamp.