Crypto Fear & Greed Index Drops to 8, Market Remains Subdued
BlockBeats News, February 15, according to Alternative data, Bitcoin briefly rebounded above $70,000 today, but the cryptocurrency fear and greed index still dropped to 8 (down from 9 yesterday), with a weekly average of 7. The market has been in a state of "extreme fear" for several days in a row, remaining subdued.
Note: The fear index threshold is 0-100, including indicators: Volatility (25%) + Market Trading Volume (25%) + Social Media Hype (15%) + Market Surveys (15%) + Bitcoin Dominance (10%) + Google Trends Analysis (10%).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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