Analysis: Crypto market rebound suppressed by extreme fear sentiment, short-term bears still dominate

According to Odaily, the overall crypto market remains under pressure, with bitcoin expected to record its fourth consecutive week of decline, marking the longest losing streak since mid-November last year. The current market is mainly driven by fear, as the Crypto Fear & Greed Index has remained in the "extreme fear" zone for nearly two consecutive weeks. Investors are more inclined to seek exit opportunities rather than chase positive news. Even when positive events occur, market reactions have noticeably weakened. For example, after BlackRock announced it would bring shares of its tokenized US Treasury fund BUIDL to Uniswap, the UNI token once surged about 25%, but has since given back nearly all its gains, indicating that short-term bearish sentiment still dominates. (CoinDesk)