EVERYONE IS GREEDY.
The market psychology has changed drastically in just 5 weeks
The Fear & Greed Index - a measure of investor sentiment in the traditional financial market developed by CNN, has just recorded a strong reversal:
- From April 4–7: The index hit a historical low of 23/100 - entering the Extreme Fear zone
- By May 18: The index surged to 74/100 - just 1 point away from the Extreme Greed zone 🥶🥶🥶
The Fear and Greed Index ranges from 0 to 100:
• 0–24: Extreme Fear
• 25–49: Fear
• 50–74: Greed
• 75–100: Extreme Greed
• Meaning:
• Extreme Fear may indicate that the market is oversold, creating a buying opportunity.
• Extreme Greed may signal that the market is overvalued, likely leading to a correction.
Crypto God of Wealth