Data shows the crypto investor sentiment has once again plunged back into extreme fear, as the crash in the market continues.
Crypto Fear And Greed Index Now Points To A State Of “Extreme Fear”
The “fear and greed index” is an indicator that measures the general sentiment among investors in the crypto market.
The metric uses a numeric scale that runs from zero to hundred for displaying this sentiment. All values above fifty imply a greedy market, while those below the threshold suggest fearful holders.
Values of more than 75 and less than 25 denote special sentiments called “extreme greed” and “extreme fear,” respectively.
The significance of extreme greed is that cyclical tops in Bitcoin and other coins have tended to form during periods with this sentiment.
On the other hand, bottoms have usually formed in stretches where the market has been extremely fearful.
Now, here is a chart that shows the trend in the crypto fear and greed index over the past year:
Looks like
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