Crypto market has become ‘very confusing,’ losing all logic — Traders
The crypto market isn’t following the same old patterns anymore — and it’s throwing crypto traders off.
“The market is totally cooked,” pseudonymous crypto trader Sykodelic said in a Feb. 4 X post. They added that despite pro-crypto moves from the US government and President Donald Trump, the market “just keeps on retracing.”
“It has lost any sort of rhyme or reason…This is very confusing for almost every investor.”
Crypto trader The Bitcoin Therapist said in a Feb. 4 X post that “something is terribly wrong with the market’s pricing of Bitcoin.”
“We are easily $50K-$100K undervalued. There is far too much to be bullish about. There is going to be a violent repricing,” they added.
The Crypto Fear & Greed Index, which measures overall market sentiment, dropped to a “Neutral” score of 54 on Feb. 5, down 18 points from its “Greed” score of 72 just a day earlier.
The confusion comes after the broad consensus among crypto analysts and traders in late 2024 was that Bitcoin's dominance would peak in early 2025 with Trump’s election win and speculation about the US making a Bitcoin
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