Data shows the Bitcoin market has been stuck in a state of extreme fear since the 5th of May, meaning this run of bottom sentiment has gone on for more than a full month now.
Bitcoin Fear And Greed Index Continues To Point At An Extremely Fearful Market
According to the latest weekly report from Arcane Research, the crypto market is currently going through its longest run of extreme fear since the COVID crash back in 2020.
The “fear and greed index” is an indicator that tells us about the general investor sentiment in the Bitcoin and wider crypto market.
The metric uses a numeric scale that goes from one to hundred for displaying this sentiment. When the value of the index is less than fifty, it means investors are fearful at the moment.
Related Reading | Glassnode: Bitcoin Long-Term Holders Own 90% Of Supply In Profit
On the other hand, values of the indicator above the threshold imply that investors currently share a sentiment of greed.
Support the originator by clicking the read the rest link below.
