恐惧贪婪指数
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The market should have bottomed out! Four signs that $BTC and $ETH are close to the bottom:
1) The gas fee of #ETH🔥🔥🔥🔥 has fallen to 1-2gwei, which is basically the lowest gas fee in history;
2) #恐惧贪婪指数 has fallen to 30-50, and the 30 index has reached the lowest level in history this year;
3) Many people have lost interest in the #币圈资讯 market, becoming confused and doing nothing;
4) Many #山寨币热点 have stopped falling and have no more room to fall.
1) The gas fee of #ETH🔥🔥🔥🔥 has fallen to 1-2gwei, which is basically the lowest gas fee in history;
2) #恐惧贪婪指数 has fallen to 30-50, and the 30 index has reached the lowest level in history this year;
3) Many people have lost interest in the #币圈资讯 market, becoming confused and doing nothing;
4) Many #山寨币热点 have stopped falling and have no more room to fall.
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According to Coinank data, today's cryptocurrency #恐慌与贪婪指数 dropped to 10 (yesterday's 21), which has dropped to the lowest level since June 2022, indicating that market sentiment is "extremely panic".
From the composite perspective of market sentiment and capital behavior, the cryptocurrency #恐惧贪婪指数 dropped sharply to 10 (a new low since June 2022). This extreme value not only reflects the sharp contraction of short-term liquidity, but also reveals the deep characteristics of the current market structure and cycle position.
At the short-term incentive level, the index often corresponds to leverage liquidation and multiple killing and multiple stampede when it hits historical extremes. The current perpetual contract funding rate in the derivatives market is deeply negative (-0.2% to -0.5%), and the exchange's #BTC reserves have surged by 3.2%, indicating that panic selling has triggered large-scale deleveraging. It is worth noting that this round of emotional freezing point coincides with the dual pressures of the Fed's accelerated balance sheet reduction and escalating geopolitical conflicts, and the resonance effect with traditional risky assets has exacerbated liquidity runs.
The mid-term structural contradiction is reflected in the behavioral differentiation of market players: on-chain data shows that the holdings of long-term holders (LTH) increased by 1.8% against the trend, while the proportion of short-term holders (STH) selling at a loss reached 76%, indicating that the transfer of chips from "weak hands" to "strong hands" is accelerating. Although this process exacerbates short-term volatility, it provides structural support for the market to bottom out.
Based on the historical cycle, after the index bottomed out 10 in June 2022, Bitcoin formed a long-term secondary bottom at US$17,600 (the lowest price was around US$15,500 in November 2022), and then started a 600% rise cycle. There are key differences between the current market environment and that time-the spot ETF brings an average daily institutional capital channel of US$830 million, and the total market value of stablecoins exceeds US$161 billion (an increase of 39% from 2022), and the liquidity buffer has increased significantly.
Extreme panic often breeds opportunities for reversal, but we need to be alert to the differences in the paths of sentiment repair: if macro liquidity does not show an inflection point (such as the U.S. Treasury yield remains high), the market may enter a "low volatility bottoming" stage; on the contrary, if inflation data falls beyond expectations and triggers a correction in interest rate pricing, crypto assets may take the lead in starting a high-elastic rebound. At the current stage, investors need to pay more attention to the resonance point of the on-chain whale's increase in holdings and the reversal of ETF fund flows.
From the composite perspective of market sentiment and capital behavior, the cryptocurrency #恐惧贪婪指数 dropped sharply to 10 (a new low since June 2022). This extreme value not only reflects the sharp contraction of short-term liquidity, but also reveals the deep characteristics of the current market structure and cycle position.
At the short-term incentive level, the index often corresponds to leverage liquidation and multiple killing and multiple stampede when it hits historical extremes. The current perpetual contract funding rate in the derivatives market is deeply negative (-0.2% to -0.5%), and the exchange's #BTC reserves have surged by 3.2%, indicating that panic selling has triggered large-scale deleveraging. It is worth noting that this round of emotional freezing point coincides with the dual pressures of the Fed's accelerated balance sheet reduction and escalating geopolitical conflicts, and the resonance effect with traditional risky assets has exacerbated liquidity runs.
The mid-term structural contradiction is reflected in the behavioral differentiation of market players: on-chain data shows that the holdings of long-term holders (LTH) increased by 1.8% against the trend, while the proportion of short-term holders (STH) selling at a loss reached 76%, indicating that the transfer of chips from "weak hands" to "strong hands" is accelerating. Although this process exacerbates short-term volatility, it provides structural support for the market to bottom out.
Based on the historical cycle, after the index bottomed out 10 in June 2022, Bitcoin formed a long-term secondary bottom at US$17,600 (the lowest price was around US$15,500 in November 2022), and then started a 600% rise cycle. There are key differences between the current market environment and that time-the spot ETF brings an average daily institutional capital channel of US$830 million, and the total market value of stablecoins exceeds US$161 billion (an increase of 39% from 2022), and the liquidity buffer has increased significantly.
Extreme panic often breeds opportunities for reversal, but we need to be alert to the differences in the paths of sentiment repair: if macro liquidity does not show an inflection point (such as the U.S. Treasury yield remains high), the market may enter a "low volatility bottoming" stage; on the contrary, if inflation data falls beyond expectations and triggers a correction in interest rate pricing, crypto assets may take the lead in starting a high-elastic rebound. At the current stage, investors need to pay more attention to the resonance point of the on-chain whale's increase in holdings and the reversal of ETF fund flows.
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Recent historical data from the Fear and Greed Index shows that the index has indeed retreated. We can see that market sentiment has retreated from higher "greed" levels. This change may indicate that the sentiment of market participants is shifting from extreme optimism to more cautious, perhaps reflecting concerns about overheating or uncertainty about the future.
From a historical perspective, a retreat in the Fear and Greed Index is often seen as a signal that the market may be facing a correction.
As a personal reflection on this situation, I think the Fear and Greed Index is one of the more useful tools for understanding crypto market sentiment. #恐惧贪婪指数
From a historical perspective, a retreat in the Fear and Greed Index is often seen as a signal that the market may be facing a correction.
As a personal reflection on this situation, I think the Fear and Greed Index is one of the more useful tools for understanding crypto market sentiment. #恐惧贪婪指数
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