If the proposal passes in its original form, cryptocurrency exchanges would be required to collect the names, addresses, and other personal information of users who transfer digital assets to non-custodial wallets. The community noted that these requirements are unfeasible.
Fear and Greed Index for today is 20 and indicates Extreme Fear.
Sentiment is still down since we dropped from the November top. I assume that it would continue to play at this levels unless we see some signs of reversal.
Patience is still the key together with proper risk management.
If you look at it from a long term perspective, this would be a good opportunity for accumulation.