According to BlockBeats, alternative data shows that the Cryptocurrency Fear and Greed Index has risen to 67 today, up from 59 yesterday, signaling an increase in market greed.
This index ranges from 0 (extreme fear) to 100 (extreme greed) and is calculated using multiple factors:
Volatility (25%)
Market trading volume (25%)
Social media sentiment (15%)
Investor surveys (15%)
Bitcoin market dominance (10%)
Google Trends data (10%)
The sharp rise suggests growing investor confidence — or overconfidence — in the current market trend.
