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## Is a High Bitcoin Anxiety Index a Positive Signal?
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Bitcoin is hovering near $84,000, presently being exchanged at $84,380 per unit. It has declined almost 3% since Thursday, March 20th, as the marketplace responds to the Federal Reserve’s interest rate choice.
Even considering the current decrease, Bitcoin remains in a holding configuration.
Fed Chair Jerome Powell declared they are maintaining interest rates stable for the moment, but the marketplace is foreseeing possible rate decreases in 2025.
## Bitcoin Joins Anxiety Zone
The Bitcoin Anxiety and Greed Index is presently at 32 (out of 100), a minor rise from yesterday’s 31. Last week, it diminished from a neutral 49 to 46, indicating “Anxiety.”
Returning to February 27th and March 4th, the index stood at 10 and 15, correspondingly, signifying “Extreme Anxiety.”
Traditionally, when Bitcoin joins “Anxiety” territory, notably “Extreme Anxiety,” it can be an opportune moment to procure.
Despite the anxiety, spot Bitcoin ETFs have witnessed considerable inflows this week, totaling just under $800 million ($785 million precisely).
The reality that the Anxiety and Greed Index is regularly in the “Anxiety” zone proposes investors are presently wary and cynical about Bitcoin.
Okay, this week appears to be quite favorable for Bitcoin ETFs. Each business day, we witnessed a total infusion of $6 million, and despite a few minor declines, we are still in a strong position with a net influx of $744.3 million.
BlackRock’s IBIT is the obvious victor, seizing the majority and cementing its position as the top Peter Schiff Alleges China Discarded Bitcoin ETF. To clarify, IBIT has amassed a staggering $535.5 million since the beginning of the week, which equates to approximately 6,342 Bitcoins.
