Matrixport says extreme fear in crypto could signal attractive entry point

The crypto financial services firm Matrixport has analyzed that recent market sentiment, which has fallen to a level of extreme fear, could be entering a phase where selling pressure becomes exhausted, Cointelegraph reported. Matrixport noted that pessimism across the market has led to extremely depressed investor sentiment. The firm added that while further short-term declines cannot be ruled out, similar periods of extreme sentiment in the past have often proven to be attractive entry points.