Mars Finance reports that on February 20th, according to Alternative Data, the cryptocurrency Fear and Greed Index dropped again to 7 (from 9 yesterday), with market sentiment still in the rarely seen “extreme fear” zone in history. Such levels of panic have only occurred previously in June 2022 and August 2019. Note: The fear index threshold ranges from 0 to 100 and includes indicators such as volatility (25%), market trading volume (25%), social media activity (15%), market surveys (15%), Bitcoin’s proportion in the overall market (10%), and Google search trend analysis (10%).
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Market sentiment remains in the historically rare "Extreme Fear" zone, with the greed index dropping again to 7 today.
Mars Finance reports that on February 20th, according to Alternative Data, the cryptocurrency Fear and Greed Index dropped again to 7 (from 9 yesterday), with market sentiment still in the rarely seen “extreme fear” zone in history. Such levels of panic have only occurred previously in June 2022 and August 2019. Note: The fear index threshold ranges from 0 to 100 and includes indicators such as volatility (25%), market trading volume (25%), social media activity (15%), market surveys (15%), Bitcoin’s proportion in the overall market (10%), and Google search trend analysis (10%).