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Bitcoin investors fearful reveals Crypto Fear and Greed Index

Bitcoin investors fearful reveals Crypto Fear and Greed Index

The Crypto Fear & Greed Index, reveals that Bitcoin investors are going through the same fear as they did during January’s bear-market when Bitcoin was trading below four thousand dollars ($4000).

The score of the index ranges from 0-100 seeks to provide a measurement of the daily sentiment of the market by collecting and measuring the data from social media, volatility, surveys, volume and Bitcoin dominance. The 0 score indicates “extreme fear” while 100 represents “extreme greed”.

Current Bitcoin investors position

However, for the past few months, the index has been ranged between eleven (11) and forty (40). This score shows that it is a little bit optimistic than that of the December 2018 to January 2019, when the crypto market capitalization was below one hundred and forty billion dollars ($140) and the volume of trading was around twenty billion dollars( $20) a day, respectively sixty and seventy percent less than today’s metric.

Crypto Fear & Greed Index

The present market sentiment seems to be growing gradually more towards the fear scale since last June, following the dramatic reverse soon after BTC started its decline from thirteen thousand and nine hundred dollars on 26th June, when the index hit a high of ninety-five, representing a bullish sentiment.

The price action of Bitcoin has a striking impact on the intraday sentiment along with the strong buying and selling walls coinciding with a swift shift towards fear or greed. The spontaneous slide of Bitcoin from ten thousand nine hundred and fifty dollars ($10,950) to nine thousand and nine hundred dollars ($9,900).For instance 20 and 21 August took the index to a low level of five, the poorest sentiment recorded in its nineteen-month history.

Aroosa Nadeem

Aroosa Nadeem

A media graduate and passionate media person Aroosa has a knack for digital media journalism and outreach. She has contributed content to different digital media publishers in a variety of areas including technology, health and finance.

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