The Bitcoin fear and greed index has started to quickly change to extreme greed as the crypto continues to rally up.
Bitcoin Fear And Greed Needle Starts Pointing At Extreme Greed
As per the latest weekly report from Arcane Research, the fear and greed index quickly turned to extreme greed values last week.
The “fear and greed index” is a Bitcoin indicator that shows the general crypto market sentiment at the time. The metric uses a numerical scale of one to hundred for displaying the different sentiments.
Values close to zero fall under the “extreme fear” category while values at the other end imply “extreme greed.” When the indicator shows neither too large, nor too low values, the sentiment falls under either “fear” or “greed”