Why Extreme Fear Is Back In Crypto In A Big Way
07 Septembre 2022 - 9:00PM
NEWSBTC
Data shows the crypto market has once again sunk back down into a
state of extreme fear after showing some signs of improvement
during the last couple of months. Crypto Fear And Greed Index Says
Market Is Extremely Fearful Right Now As per the latest weekly
report from Arcane Research, the market has now observed fearful
sentiment for five months without a break. The “fear and greed
index” is an indicator that tells us about the general sentiment
among investors in the crypto market. The metric uses a numeric
scale that runs from zero to hundred for displaying this sentiment.
All values above 50 signify that investors are greedy right now,
while those below the threshold suggest a fearful market. End range
values of more than 75 and less than 25 represent sentiments of
“extreme greed” and “extreme fear,” respectively. Historically,
tops in coins like Bitcoin have formed while the investors have
gone through extreme greed, while bottoms have taken place in
periods with extreme fear. Related Reading: Bitcoin Diamond Hands:
Long-Term Holder Supply Surges Up To Near ATH Now, here is a chart
that shows the trend in the crypto fear and greed index over the
past year: Looks like the value of the metric has gone down in
recent days | Source: Arcane Research's The Weekly Update - Week
35, 2022 As you can see in the above graph, the crypto fear and
greed index had been recovering during July and August, after the
market had earlier been under a long spell of extreme fear. The
indicator almost reached greed values during this optimism buildup,
but as the latest rally in Bitcoin died down, so did the investor
mentality. Related Reading: Bitcoin And Ethereum Are Web3 Market
Innovators, Could GryffinDAO Be Taking DAO To An Unnoticed &
Undervalued Market? The sentiment quickly fell back deep into fear,
and the decline has continued now, taking the value of the index to
just 22. This means that the sector is now once again experiencing
extreme fear. The report notes that the sentiment has remained in
the fearful region since April now, making it a run of five
straight months of fear. Since the fear and greed index was
conceived back in February 2018, this stretch of fear has been the
longest such run. BTC Price At the time of writing, Bitcoin’s price
floats around $18.7k, down 8% in the last seven days. Over the past
month, the crypto has lost 18% in value. The below chart shows the
trend in the price of the coin over the last five days. The value
of the crypto seems to have plunged down below the $19k mark for
the first time in more than two months | Source: BTCUSD on
TradingView Featured image from Hans-Jurgen Mager on Unsplash.com,
charts from TradingView.com, Arcane Research
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