Crypto Market Extreme Fear: Potential Contrarian Buy Signals for BTC, ETH

The Daily Crypto Discussion thread reveals an "Extreme Fear" sentiment (Fear & Greed Index at 22) in the crypto market, with numerous users expressing despair and labeling the period as "Dumptober" or "Rektober." However, this extreme fear often serves as a contrarian buy signal for some investors, as noted by comments referencing past market bottoms following similar sentiment. Comments also indicate that "Institutions are still buying BTC and ETH," suggesting underlying fundamental support despite retail panic. This could be an opportunity for investors with a high-risk tolerance to "buy the dip" in major cryptocurrencies like BTC and ETH, viewing the current downturn as a potential bottom.