Binance founder Changpeng Zhao’s blunt reminder about buying low and selling high came at a tense time for crypto traders. His line: “Sell when there is maximum greed, and buy when there is maximum fear” – was posted as markets showed new signs of tension and debate over whether this is a buying opportunity or a new stall.
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CZ’s message is met with extreme fear
According to the Crypto Fear & Greed Index, sentiment recently rose to 20, leaving ‘Extreme Fear’ after a string of lows. The index had hit a yearly low of 10 on November 22 and the market had been in extreme conditions for eighteen days. fear.
An unpopular opinion, but it is better to sell when there is maximum greed, and buy when there is maximum fear. 🤷♂️
— CZ 🔶BNB (@cz_binance) November 29, 2025
Analysts called that stretch unusually deep. Matthew Hyland described it as the “most extreme fear level” of the cycle, and other traders argued that calling it extreme was being generous.
Bitcoin is holding strong, but the mood is fragile
Based on reports, Bitcoin was trading at $91,780, far from the all-time high of $126,000 reached in October. Prices remain higher than the low of just over $40,000 in 2024, but confidence is weak.
Santiment monitored the online chats and found that conversations focused more on volatility and institutional moves than excitement. The Altcoin Season Index recorded 22/100, a clear sign that traders prefer safety.
Market psychology dominates charts
Traders responded quickly to CZ’s message. One user said that emotion often trumps logic in real trading. Another noted that markets tend to follow psychology long before technical signals emerge. That gap between what traders know and what they do was clearly visible: many agree with the rule, and few actually follow it when prices fall.
History offers a hint, not a guarantee
Reports have suggested that some analysts are seeing a pattern. Nicola Duke pointed out that over the past five years, every time the market reached extreme fear, Bitcoin found a local low within weeks.
While previous processes can provide context, they do not promise the same results now. Bitwise researcher André Dragosch warned that current pricing reflects recession-level global growth prospects – the most bearish setting since 2020 and 2022 – which poses real risk for buyers.
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Bitcoin Coinbase Premium turns positive after 29 days
Meanwhile, the Bitcoin (BTC) Coinbase premium finally turned positive again after being in the red for almost a month.
Data from Mint glass on the 30th the premium showed 0.0255%, marking the first positive value in 29 days. For almost a month, the negative premium indicated that selling pressure dominated the US market, with traders and investors leaning towards caution.
The Coinbase bounty tracks how the price of Bitcoin on Coinbase, a major US exchange, compares to the global average. If it is positive, it means that the US price is above the global average.
This is often seen as a sign that US purchasing power is increasing, more institutions are getting involved, dollar liquidity is recovering, and overall investor confidence is improving.
Featured image of Gemini, chart from TradingView