The panic index is still at 10 today, the same number for two consecutive days, and the market has fallen into a state of "extreme fear". To put it simply, the on-chain sentiment is at its worst right now—this often signals a buy the dip opportunity, but it also means that the fall may not have completely bottomed out. Experienced old suckers know that extreme fear usually indicates a rebound opportunity, but the question is whether you have the guts to catch a falling knife at this time.