Data shows the Bitcoin market has mostly showed a sentiment of fear and extreme fear for around five months now as the price continues to struggle.
Bitcoin Fear And Greed Index Continues To Point At A Fearful Market
As per the latest weekly report from Arcane Research, the crypto market has remained fearful this week as prices show no signs of recovery.
The “fear and greed index” is an indicator that tells us about the general sentiment among Bitcoin and crypto investors.
The metric uses a numeric scale that runs from one to hundred for displaying the sentiment. Values below fifty usually denote “fear,” while values above the mark indicate “greed.”
Index values of above 75 and below 25 signify that the market is facing