Bitwise Europe Research Head: Crypto Fear & Greed Index below 20 signals excess returns

 due to the sluggish market, the Crypto Fear and Greed Index fell to 16 on November 14, entering the extreme fear zone. André Dragosch, Head of European Research at Bitwise, posted on X that when the Crypto Fear and Greed Index is below 20, the average subsequent performance of Bitcoin is: 1 day +0.9%; 2 days +1.8%; 5 days +4.1%; 1 week +5.2%; 2 weeks +9.3%; 1 month +19.9%; 2 months +44.2%; 3 months +62.4%; 6 months +48.5%. He stated that many analysts consider the Crypto Fear and Greed Index to be just noise, but in fact, the index has historically continued to signal excess returns.