Analyst: The current "Bitcoin Composite Sentiment Index" has fallen into the extreme pessimism range.

BlockBeats news, on October 16, CryptoQuant analyst Axel released data on social media indicating that the current “Bitcoin Composite Sentiment Index” has fallen into the extremely pessimistic range. Although the Bitcoin price still lingers around the cycle high, investors are generally adopting a defensive posture, and market participation is sluggish, with risk appetite continuing to shrink. It is reported that the Bitcoin Unified Sentiment Index captures the overall market psychology through three main components: · Fear and Greed Index (reflecting macro sentiment and volatility) · CoinGecko rise and fall voting (reflecting retail investor sentiment) · Rolling normalization layer (aligning and calibrating the first two over a one-year window) The index scale ranges from -100 to +100, with extreme negative values indicating market collapse and panic, and extreme positive values marking frenzied bubbles.