Data shows the crypto market has remained in a state of extreme fear recently despite the Bitcoin volatility being quite low.
Crypto Fear And Greed Index Continues To Point At “Extreme Fear”
As per the latest weekly report from Arcane Research, investors in the cryptocurrency sector have remained extremely fearful since late August.
The “fear and greed index” is an indicator that tells us about the current sentiment among participants in the crypto market.
The metric makes use of a numeric scale that runs from zero to hundred for representing this sentiment. All values above 50 mark periods of greed, while those below the threshold suggest fear among the investors.
At values towards either end of the range, that is those above 75 and below 25, occur mentalities of “extreme greed” and “extreme fear.”
Now, here is a chart that shows the trend in the crypto fear and greed index over the last year.
The value of the metric seems to have not changed much in recent days | Source: Arcane...
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