The Crypto Fear & Greed Index has experienced a notable decline over the past week, reflecting a shift in market sentiment among cryptocurrency traders. On August 18, 2025, the index stood at 60, indicating a state of "greed," down from 70 the previous week. Bitcoin prices fluctuated around $116,000 to $117,000 during this period. However, by August 19, the index dropped further to 56, still categorized as "greed," with Bitcoin trading near $116,089. On August 20, the index fell sharply to 44, signaling "fear," coinciding with Bitcoin's price slipping below $113,000. This marks the most bearish retail sentiment since June 22, 2025. Historically, such extreme pessimism has preceded market rebounds; for example, the last time the index hit "fear" on June 22, Bitcoin subsequently experienced a 19% price increase over the following month. Despite the current volatility and pullback in trader confidence, some market observers suggest this may present a buying opportunity.