Bitcoin tends to hit its low point when the news is at its scariest, a pattern that can reassure long-term crypto holders.

• Markets usually top out on the most bullish headlines and bottom on the most bearish ones.
• The 2022 low is the prime example, when the FTX exchange collapsed amid what looked like outright fraud.
• Panic and extreme fear tend to mark the point where selling is exhausted and prices turn back up.
• The takeaway: the worse the mood, the closer the market may be to a bottom.

Outlook: If the pattern holds, the next wave of terrible crypto news could mark a buying opportunity rather than the start of a deeper crash.