PANews reported on February 20 that according to Fxempire, as the US Bitcoin ETF saw its first net outflow since early January last week, the closely watched Cryptocurrency Fear and Greed Index has entered the "fear" zone, a sharp drop from its peak in November last year. Alex Kuptsikevich, chief market analyst at FxPro, said this is an indirect signal that the relatively stable performance of the market is suppressing investor sentiment. The most worrying thing is that at the current sentiment and market value levels, the market has not yet attracted bargain hunters and contrarian traders.

Bitcoin technical analysis shows it could form a so-called "death cross," where a short-term trend line falls below a long-term trend line, which some fear could foreshadow a price crash for the cryptocurrency, which briefly breached $100,000 after Trump's victory but is now stagnant below that key level.