The cryptocurrency market is experiencing one of its longest periods of "Extreme Fear" in history, with the Crypto Fear & Greed Index remaining below 25 for 14 consecutive days—a level of pessimism not seen since the FTX collapse in late 2022. Despite Bitcoin trading at roughly five times its post-FTX price, sentiment remains severely depressed due to US-China tariff concerns, Federal Reserve rate cut uncertainty, and a $500 billion market wipeout on October 10.
Beneath the surface, a clear divergence is emerging. While crypto-native retail investors have been battered by memecoin volatility, October liquidations, and failed altcoin cycles, traditional finance continues to accumulate. US Bitcoin ETFs have attracted over $25 billion in inflows this year, even with Bitcoin down 5% year-to-date. Bitwise's CIO noted that the pullback is largely concentrated among crypto-native retail, worn down by past traumas.
Amid this environment, DeepSnitch AI has raised over $910,000 during the downturn, with its DSNT token climbing 100% from $0.01510 to $0.03080. The AI surveillance platform is preparing for an imminent launch and is already shipping live tools while competitors remain in conceptual stages.
The platform will feature five AI agents monitoring transactions, social chatter, and private deal flow around the clock. Three tools—SnitchScan, SnitchToken, and SnitchGPT—are already live and internally available to early buyers. Token Explorer provides risk scores, liquidity breakdowns, and holder concentration analysis, while live alerts flag narrative changes as they begin.
DeepSnitch AI is offering limited-time bonus codes valid until January 1: DSNTVIP50 provides a 50% bonus on purchases above $2,000, while DSNTVIP100 offers a 100% bonus on investments above $5,000. The platform's dynamic staking APR isn't capped or fixed, with rewards scaling as the network grows, giving early stakers the advantage of longer periods at higher rates.
Meanwhile, mining hardware manufacturer Bitmain has rolled out massive discounts on multiple generations of ASIC miners, including the S19 and flagship S21 models, with some units offered through "name your own price" auctions. This move coincides with the hash price falling to $35 TH/s/day, below the $40 breakeven level for many mining operators, forcing many to switch to renewable energy to cut costs.
As traders seek alternatives during the downturn, meme coins like PEPE and SHIB face mixed prospects. PEPE maintains support around $0.000004000 with potential upside to $0.000004250 if momentum holds, while SHIB trades around $0.00000716 and may need a major 2026 network upgrade to regain momentum.
Seasoned Bitcoin investor James Howells, who accidentally discarded a hard drive containing 8,000 Bitcoin (now worth approximately $700 million), advises newcomers to understand blockchain fundamentals, veterans to test wallet backups, and skeptics to actually try crypto before forming conclusions. His key message: "judge the technology by what it can do, not by how badly some participants behave."
