According to The Kobeissi Letter, crypto markets were at their highest greed levels in history just two months ago, but last week saw extreme fear levels not observed since the 2022 and 2020 bottoms. This shift underscores crypto's role as a primary leading indicator for risk appetite.

According to The Kobeissi Letter, S&P 500 futures surged by as much as +40 points following a jobs report that was almost directly in-line with expectations. This reaction underscores the market's heightened emotional state and elevated levels of fear, suggesting that traders are reacting more to sentiment than to fundamental data. Such conditions may present unique trading opportunities for those who can navigate the market's emotional swings.