Data shows the crypto market has been deep into fear recently as the price of Bitcoin has struggled, but sentiment is still not inside extreme fear.
Crypto Fear And Greed Index Shows Investors Are Fearful Right Now
According to the latest weekly report from Arcane Research, the crypto market sentiment has remained stable in deep fear territory during the past week.
The “fear and greed index” is an indicator that tells us about the general sentiment among investors in the crypto market.
The metric uses a numeric scale that moves from zero to hundred for representing this sentiment. All values on the upper side of 50 indicate a greedy market, while those below the mark imply investors are fearful.
Values of the indicator towards the end of the range signify sentiments of “extreme greed” (more than 75) and “extreme fear” (less than 25).
Now, here is a chart that shows the trend in the crypto fear and greed index over the past year:
The value of the metric seems to have come down in recent days Source: BTCUSD on TradingViewFeatured image from Peio Bty on Unsplash.com, charts from TradingView.com, Arcane Research