The crypto market is flashing early signals of a potential rebound after a brutal month, the worst in three years, as Bitcoin (BTC) nosedived to $78,000 in a single week, wiping out over $400 billion from the total crypto market cap.

The sell-off sent the Crypto Fear & Greed Index crashing to 10, a level not seen since the depths of the 2022 bear market. But there’s a glimmer of hope: the index has since clawed its way back to 20, though it remains firmly in the "extreme fear" zone. Traders are now watching closely to see if this marks the start of a recovery or just a temporary bounce in an otherwise bearish trend.