The crypto market is deep in a correction, and the sentiment data reflects it. Fear gauges have plunged toward levels historically associated with capitulation selling, the kind of environment where forced liquidations create prices that look very different six months later.
Bitcoin is trading around $73,000 after retreating from highs near $109,000 earlier this year. Solana has pulled back below $90. Ethereum remains stuck under $2,200. The question investors are asking isn't whether the market is down. It's whether the correction is a buying opportunity or the start of something worse.
