The panic index has been at 29 for two consecutive days. What is the market still waiting and watching for?

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【Blockchain Rhythms】 Today (December 12th), market sentiment still shows no significant change. The Alternative Fear and Greed Index remains at 29, the same as yesterday, continuously hovering in the “fear” zone, with last week’s average only at 28.

How is this index calculated? It’s quite comprehensive: volatility accounts for 25%, trading volume 25%, social media buzz 15%, market surveys 15%, Bitcoin market share 10%, and Google search trends 10%. The score ranges from 0 to 100. At 29, it clearly indicates a market in a calm phase, with everyone feeling quite cautious.

Honestly, the index has been stagnant for several days, which suggests the market is in a wait-and-see stage — neither experiencing panic selling nor signs of greed-driven buying.

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