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The encryption fear and greed index has dropped to 39, and the market has quickly fallen into a "fear" state.
On August 30, according to Alternative data, today's Crypto Assets Fear and Greed Index is 39 (yesterday it was 50, and the weekly average was 60), falling below 40 for the first time since the end of April, as the market quickly falls into a "fear" sentiment. Note: The fear index threshold is 0-100, including indicators: Fluctuation (25%) + Market volume (25%) + Social media heat (15%) + Market surveys (15%) + Bitcoin's proportion in the entire market (10%) + Google Trends analysis (10%).