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Despite yesterday's statement from senators about reintroducing Bill S.4912 (Bitcoin Act of 2024) and positive macro data, the Bitcoin Fear and Greed Index remains at extremely low levels, comparable to the bottom of the previous cycle and the September correction around $60K.
In other words, the market is scared.
Didn't Buffett say something about fear? Be fearful when others are greedy, and be greedy when others are fearful.