📉 History of ultra-low values of the Fear & Greed Index (≤12)
1️⃣ March 2020 — COVID crash
• Values: ~5–8 (historical low)
• ⏳ Duration: 1–2 weeks
• 😱 Total panic, mass liquidations, and market collapse.
2️⃣ June–July 2022 — crash of Terra/LUNA and 3AC
• Values: <15, minimum ~6–9
• ⏳ Duration: several weeks — up to 2 months
• 💥 One of the longest periods of deep fear.
3️⃣ November 2022 — FTX crash
• Values: ~10–12
• ⏳ Duration: 2–4 weeks
• 🔥 Total distrust and chaos ruled the market.
4️⃣ Short drops (spikes)
• December 2018
• June 2019
• September 2022
• ⏳ Duration: several days
• ⚡ Sharp but short peaks of fear.
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📌 Conclusion
Ultra-low values (≤12) usually last from several days to 2–4 weeks in a row.
📉 Very rarely last more than a month at ultra-minima.
The entire Extreme Fear zone (<25) can last 1–4 months, especially in bear cycles.
