Does this mean the bottom has been reached?

Yes. And no.

What this number REALLY reveals about the market is even more important.

Fear & Greed is the thermometer of Bitcoin market sentiment.

And its accuracy is impressive.

Look at the pattern on the chart:

In BULL MARKETS, the bottoms are slightly below 20.

The last two bottoms of this cycle? 16 and 17.

Now we are at 21.

In other words: we are CLOSE to the bottom. But we haven't passed 20 yet.

And here's the plot twist that few realize:

A drop below $100k - the master psychological level - changes EVERYTHING.

Two things could happen instantly:

1️⃣ MASSIVE CAPITULATION "The bull market is over" - that's what many will think.

The exhausted optimists. The giving up.

2️⃣ BIGGER FEAR Fear & Greed would plummet below 20 quickly, perhaps to 15 or even close to 10.

Because true bottoms only form when the last optimist gives up.

And there's more:

Bear markets are ANOTHER game. Bottoms reach BELOW 10:

Terra/Luna collapse: 6 COVID crash: 8 2018/19 bottom: 9

Do you know what this means in practice?

Fear & Greed gives you a simple MAP:

✅ Below 20 = buy on bull market corrections ✅ Below 10 = buy almost for free in bear markets

But it's impossible to hit the mosquito's ass.

It could be 19, 18, 17... or 9, 8, 7, 6.

Therefore: DCA (dollar cost average) according to the CAI index from these levels.

Buy in layers. Not all at once.

And now? What does this 21 tell us?

We are close to a bull market correction bottom.

But... not yet below 20.

Could there be more selling? YES.

Will there be? Nobody knows.

But the setup is forming.

And those who understand Fear & Greed know EXACTLY where to look for opportunities.