Crypto market sentiment returns to neutral: Panic and greed intertwine. On September 3, the core indicator of cryptocurrency market sentiment—the Fear and Greed Index—reported a value of 56, rated as "neutral." This value has rebounded from the previous day's 47, but still remains in the neutral range, accurately reflecting the complex mindset underlying the current market tug-of-war between bulls and bears. The Fear and Greed Index ranges from 0 to 100, where 0 represents "extreme fear" and 100 represents "extreme greed." The current value of 56 means that the market is neither experiencing excessive pessimistic selling sentiment nor blind optimistic enthusiasm for chasing highs; the forces of bulls and bears are temporarily in a state of balance. From market dynamics, the emergence of neutral sentiment is not coincidental, but the result of the intertwining factors of panic and greed: - Panic sentiment triggers: Mainstream coins such as Bitcoin and Ethereum have retreated from recent highs, with Bitcoin pulling back about 12.8% from its peak and Ethereum breaking key support levels; market fluctuations have triggered a large number of leveraged position liquidations, exacerbating market unease; yields on government bonds in many countries have soared, and macroeconomic uncertainty has suppressed overall risk appetite. - Greed sentiment support: Institutional investors have not halted their pace in allocating to cryptocurrencies, with Morgan Stanley, BitMine, SharpLink, and others continuously increasing their holdings of Bitcoin and Ethereum; U.S. regulators have released positive signals, with the SEC and CFTC jointly announcing to clear obstacles for compliant spot cryptocurrency trading; search volume for Memecoins on Google has rebounded, and retail investor interest is gradually warming, with most investors viewing the current pullback as a healthy adjustment within a bull market. The neutral Fear and Greed Index essentially signals that the market has entered a consolidation and directional decision-making phase. It clearly presents the dual narrative of the current market: the coexistence of macro-level uncertainty and positive progress at the micro-level within the industry. Short-term traders may feel anxious due to price fluctuations and liquidation risks, while long-term value investors are more inclined to view this stage as a window for strategic accumulation. #加密市场回调 #新手必看