The crypto market has remained cautious recently, with the CMC Fear & Greed Index currently at 27, which still sits in the fear zone. Even so, sentiment has shown a slight improvement compared with last week and last month, when the index had fallen into extreme fear, suggesting that panic selling may be easing. On the 1-year chart, after the sharp decline from late January into early February, BTC price appears to be stabilizing and attempting a mild rebound, but overall sentiment is still not strong enough to confirm a clear risk-on phase. For now, this looks more like a period of emotional bottoming than the start of a strong new uptrend.