Following the Bitcoin and wider crypto crash, investors in the market are now more fearful than they were during Black Thursday in March 2020. Crypto Fear And Greed Index Now Has An Extreme Fear Value of “7” The “fear and greed index” is an indicator that tells us about the general market sentiment among crypto investors right now. The metric uses a numeric scale that runs from zero to hundred for representing this sentiment. All values of the index below fifty imply that investors are fearful at the moment, while those above the threshold mean they are currently greedy. Indicator values of more than 75 and less than 25 signify sentiments of extreme greed and extreme fear, respectively. Now, here is a chart from the weekly Arcane Research report from yesterday that shows the trend in the crypto fear and greed index over the past year: Looks like the value of the metric has plunged down in recent days | Source: Arcane Research's The Weekly Update - Week 23, 2022 As you can see in the above graph, the crypto fear and greed index has been in the “extreme fear” territory for a while now. In fact, this streak of extreme fear, which has been running for 57 straight days now, is the longest the indicator has ever observed. Related Reading | Has Bitcoin Hit Bottom Yet? Here’s What On-Chain Data Says Also, at the time the report was released (which is yesterday), the index had a value...
Will Ethereum Price crash More Next week??
