He Yi: "Phase of extreme fear…Crypto assets likely to rise again once FUD subsides"
Summary
- He Yi, Binance’s co-CEO, said she believes the current crypto market has entered a phase of extreme fear.
- She noted that CoinMarketCap’s Fear & Greed Index has fallen to the 5–10 range, showing a pattern similar to periods following sharp short-term selloffs or major corrections.
- He Yi said that when excessive FUD and uncertainty ease, the crypto-asset market has often shifted back into an uptrend.
As the crypto-asset (cryptocurrency) market enters a phase of extreme fear, an analysis suggests it could shift back into an uptrend once excessive uncertainty is resolved.
He Yi, co-CEO of Binance, said on X (formerly Twitter) on the 10th that the market’s currently subdued sentiment largely stems from short-term fear and an information muddle. "For new investors, Binance represents the entire crypto market, so when negative news and FUD (fear, uncertainty and doubt) spread, they hesitate to enter the market in the first place," she explained.
She added, "Investors already in the market tend to lock in profits as uncertainty grows, and even long-term investors become fatigued by repeated baseless fear and the spread of AI-driven misinformation, prompting them to consider leaving the market."
Such sentiment is also reflected in key indicators. CoinMarketCap’s (CMC) Crypto Fear & Greed Index has recently fallen to the 5–10 range, indicating that extreme fear has spread across the broader market. It is seen as resembling past patterns observed after sharp short-term selloffs or major corrections.
"Periods when fear is maximized like this have repeatedly appeared in the past as markets built a base," she said. "When excessive FUD eases and uncertainty diminishes, the crypto market has often shifted back to an upward trajectory."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
