Bitcoin Greed & Fear Dynamic
The Fear & Greed Index provides insights into the general sentiment shared by traders in the crypto space at the moment. This indicator assesses five key factors to gauge market sentiment: volatility, trading volume, social media sentiment, market cap dominance, and Google Trends.
Impactful Data Points
- Index scale runs from zero to one hundred
- Below 47 indicates fear, above 53 implies greed
- Neutral zone falls between the fear and greed thresholds
With the current Fear & Greed Index value standing at 51, there has been a shift from yesterday’s greed sentiment at 55. This change is a result of the recent bearish momentum experienced by cryptocurrency prices in the past 24 hours.
Historical Trend Analysis
- Index value hit 74 on June 18, signaling deep greed
- Extreme greed above 75 denotes euphoria, often preceding corrections
- Markets tend to move contrary to majority expectations
While the fear sentiment has not reached extreme levels following the recent downturn, the move towards neutrality could signal a potential end to the decline, especially in the context of a prevailing bullish trend.
Bitcoin Prices Update
As of the latest data, Bitcoin hovers around $60,300, reflecting a decline of over 10% in the past week.
Hot Take: Emotions Shift in Bitcoin Market Sentiment
Data reveals a shift in sentiment among Bitcoin investors as the asset plunges below $61,000, exiting the greed zone in favor of a more balanced stance.
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