Today, the Crypto Fear and Greed Index dropped to 10 (from 21 yesterday), the lowest level since June 2024, with a rating of extreme fear.
Why measure fear and greed?
The behavior of the crypto market is very emotional. When the market rises, people tend to get greedy, which leads to FOMO (fear of missing out). In addition, people often sell coins with irrational reactions. With the Fear and Greed Index, you can get rid of your own emotional overreactions.
Extreme fear can indicate that investors are too worried. That can be a buying opportunity. When investors become too greedy, it means that the market is due for a correction.
Therefore, the current sentiment of the Bitcoin market is analyzed and the numbers are broken down into a simple meter from 0 to 100. Zero means "extreme fear" and 100 means "extreme greed."