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Fernando Nikolic, founder at Perception, questions the ongoing use of the Bitcoin Fear and Greed Index as a metric in 2026.
He describes the index as a lagging indicator and criticizes its value, arguing that it simply reflects price movements rather than providing genuine insight into market sentiment.
Nikolic has previously noted that Bitcoin adoption and capital remain concentrated in North America and Europe, in line with patterns in traditional finance here. He has also commented that Dimon's opposition to the Clarity Act reflects banks' efforts to defend subsidies as stablecoins present alternative options here. His recent criticism of market sentiment metrics follows a series of public statements on regulatory and adoption trends.