The current crypto market sentiment for May is leaning towards greed, with the Crypto Fear & Greed Index scoring 59, indicating a greedy market. This score is based on various factors such as ¹:
- *Volatility*: Measuring the current volatility and max drawdowns of Bitcoin compared to its 30-day and 90-day averages.
- *Market Momentum/Volume*: Analyzing the current volume and market momentum compared to the last 30/90 day average values.
- *Social Media*: Evaluating the interaction rate on Twitter, with high engagement indicating greedy market behavior.
- *Dominance*: Assessing Bitcoin's market capitalization share, with rising dominance suggesting fear and falling dominance indicating greed.
- *Trends*: Examining Google Trends data for Bitcoin-related search queries, with increased searches for terms like "Bitcoin price manipulation" signaling fear.
Historically, extreme fear has sometimes signaled a buying opportunity, while extreme greed has indicated a potential market correction. Currently, the market sentiment is:
- *Today*: Greed (59)
- *Yesterday*: Neutral (52)
- *Last Week*: Greed (60)
- *Last Month*: Fear (34)
