Market sentiment remains in a historically rare "extreme fear" zone, with today's Fear and Greed Index at 8.
BlockBeats News, February 24, according to Alternative data, today's Crypto Fear & Greed Index is 8 (compared to 5 yesterday), indicating that market sentiment remains in the historically rare "extreme fear" range. Previously, the index only dropped to 5 during June 2022 and August 2019, both times reflecting extreme fear.
Note: The Fear & Greed Index ranges from 0 to 100 and includes the following indicators: volatility (25%) + market trading volume (25%) + social media popularity (15%) + market surveys (15%) + bitcoin's dominance in the overall market (10%) + Google trend 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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