Data shows 2022 has been the year of fear in the crypto market as investors have continued to display poor sentiment for around eleven months now. Crypto Fear And Greed Index Currently Sits In “Extreme Fear” Territory As per the latest weekly report from Arcane Research, the cryptocurrency market could soon complete one full year of fearful sentiment. The relevant indicator here is the “fear and greed index,” which tells us about the general sentiment among investors in the crypto market. The metric uses a numeric scale that runs from zero to hundred for representing this sentiment. All values greater than fifty imply a greedy mood, while those below the threshold suggest a fearful air. Outside of these two sentiments, there also exist two subset sentiments, the “extreme fear” and the “extreme greed.” These occur at values towards the ends of the range. That is, those above 75 for the former, and those below 25 for the latter. Related Reading: How Bitcoin On-Chain Signals Present A Solid Case For A Market Bottom 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 been moving sideways during recent weeks | Source: Arcane Research's The Weekly Update - Week 41, 2022 As you can see in the above graph, the current long spell of fear first started way back in mid-Nov of last year as the bull run di...
$285 Million in Bitcoin Shorts Wiped Out
