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.<\/p>\n
Crypto Fear And Greed Index Shows Investors Are Fearful Right Now<\/p>\n
According to the latest weekly report from Arcane Research<\/a>, the crypto market sentiment has remained stable in deep fear territory during the past week.<\/p>\n The \u201cfear and greed index<\/a>\u201d is an indicator that tells us about the general sentiment among investors in the crypto market.<\/p>\n 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.<\/p>\n Values of the indicator towards the end of the range signify sentiments of \u201cextreme greed<\/a>\u201d (more than 75) and \u201cextreme fear\u201d (less than 25).<\/p>\n Now, here is a chart that shows the trend in the crypto fear and greed index over the past year:<\/p>\n\n The value of the metric seems to have come down in recent days | Source: Arcane Research’s The Weekly Update – Week 34, 2022<\/a><\/p>\n As you can see in the above graph, the crypto fear and greed index had been climbing up for a few weeks and almost entered into the greed territory as prices of coins like Bitcoin rallied up.<\/p>\n However, with the end of the rally, the market sentiment immediately plummeted back down into the depths of fear, showing the investor mentality was quite weak to begin with.<\/p>\n The current value of the indicator is just 27, which is only two points away from the extreme fear territory. This is a slight decline over the last seven days as the metric had a value of 28 then.<\/p>\n\n Looks like the value of the indicator was 42 last month | Source: Arcane Research’s The Weekly Update – Week 34, 2022<\/a><\/p>\n Nonetheless, the report points out that at the same low $20k levels of the Bitcoin price as now, the market sentiment was much worse back in June as it was firmly inside extreme fear.<\/p>\n This implies that investors are now more comfortable at these price levels than compared to a couple of months back.<\/p>\n BTC Price<\/p>\n At the time of writing, Bitcoin\u2019s price<\/a> floats around $20.3k, down 5% in the last week. Over the past month, the crypto has lost 14% in value.<\/p>\n The below chart shows the trend in the price of the coin over the last five days.<\/p>\n\n The value of the crypto has been mostly moving sideways during the past few days | Source: BTCUSD on TradingView<\/a> <\/p>\n 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.<\/p>\n Crypto Fear And Greed Index Shows Investors Are Fearful Right Now<\/p>\n According to the latest weekly report from Arcane Research<\/a>, the crypto market sentiment has remained stable in deep fear territory during the past week.<\/p>\n The \u201cfear and greed index<\/a>\u201d is an indicator that tells us about the general sentiment among investors in the crypto market.<\/p>\n 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.<\/p>\n Values of the indicator towards the end of the range signify sentiments of \u201cextreme greed<\/a>\u201d (more than 75) and \u201cextreme fear\u201d (less than 25).<\/p>\n Now, here is a chart that shows the trend in the crypto fear and greed index over the past year:<\/p>\n The value of the metric seems to have come down in recent days | Source: Arcane Research’s The Weekly Update – Week 34, 2022<\/a><\/p>\n As you can see in the above graph, the crypto fear and greed index had been climbing up for a few weeks and almost entered into the greed territory as prices of coins like Bitcoin rallied up.<\/p>\n However, with the end of the rally, the market sentiment immediately plummeted back down into the depths of fear, showing the investor mentality was quite weak to begin with.<\/p>\n The current value of the indicator is just 27, which is only two points away from the extreme fear territory. This is a slight decline over the last seven days as the metric had a value of 28 then.<\/p>\n Looks like the value of the indicator was 42 last month | Source: Arcane Research’s The Weekly Update – Week 34, 2022<\/a><\/p>\n Nonetheless, the report points out that at the same low $20k levels of the Bitcoin price as now, the market sentiment was much worse back in June as it was firmly inside extreme fear.<\/p>\n This implies that investors are now more comfortable at these price levels than compared to a couple of months back.<\/p>\n BTC Price<\/p>\n
\nFeatured image from Peio Bty on Unsplash.com, charts from TradingView.com, Arcane Research<\/p>","protected":false},"excerpt":{"rendered":"