Cryptocurrency Fear Index drops back to 23: Market sentiment re-enters extreme fear zone

robot
Abstract generation in progress

【BlockBeats】Recent attention to the crypto market sentiment might have revealed that the market atmosphere has become a bit tense again. According to Alternative data, today’s cryptocurrency fear and greed index has dropped to 23, a significant decline from yesterday’s 29, returning to the “Extreme Fear” zone.

How is this index calculated? In fact, there is a complete system behind it: volatility accounts for 25%, trading volume also 25%, social media buzz is 15%, complemented by market surveys at 15%, Bitcoin’s market share contribution is 10%, and finally, Google search trend analysis makes up 10%. Combining these six dimensions, it provides a comprehensive reflection of the true mindset of market participants.

From this perspective, when the index drops to the 20s, it indicates that whether in terms of trading activity, discussion heat, or price volatility, the market is in a relatively cautious state. Such times are often when market turning points may occur—sometimes, extreme pessimism can even breed opportunities.

BTC-0.94%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
ThatsNotARugPullvip
· 12-13 01:38
23's Fear Index... It's finally here. I knew the recent crypto market was so quiet. It dropped again. When will we return to the greed zone, everyone? Is the index reliable? Anyway, I just look at trading volume to know if there's interest. Extreme panic? No, this is a good time to buy the dip. It mainly depends on whether you dare. All six dimensions are green. That's really the final straw. Volatility with 25% weight, trading volume 25%. I just want to know what the big players are thinking right now. 23, I bet five bucks it will keep dropping next week. Everyone's already gone. Just look at the hype. This is true panic, not fake panic. Stay alert, everyone. Yesterday was 29, today 23. With this pace, it might even hit 20 tomorrow.
View OriginalReply0
AirdropChaservip
· 12-13 01:37
It's already the 23rd, and this move is really a bit fierce. Is it time to buy the dip again? But still need to wait and see. The fear index is something that works better with inverse operations. I'll just watch quietly, brothers, don't chase the high. This data is a bit fake; you need to look at the candlestick chart.
View OriginalReply0
LiquidationAlertvip
· 12-13 01:26
It's already 23, and it's time to buy the dip again. Extreme panic = the best opportunity to get in; history always repeats itself. This drop is quite severe, trading volume has also dried up. The index is at 23... feels like it will continue to fall, prepare mentally. Is it true? It dropped from 29 to 23 in just one day. Is a rebound coming? The lower the panic index, the greater the opportunity. I'm already prepared. The market is scared, and big players are quietly positioning themselves. 23 is not the bottom. Let's wait and see if it goes lower. Basically, all retail investors have been wiped out; now it depends on the main players.
View OriginalReply0
SmartContractWorkervip
· 12-13 01:23
It's already the 23rd, and I'm really panicking this time. The market has fallen back into extreme panic territory, same old story. Bitcoin can't hold up, retail investors are selling off again. Is this data system reliable? It feels a bit fake. As soon as the panic index drops, I want to buy the dip, but I still end up losing. Is the situation an opportunity in the early 20s? Or is it just going to keep falling? The market is not cautious at all; it's actually just dumping. Looking at social media hot topics, it seems like a bunch of people are yelling for help. With such high volatility, short-term traders are likely to get liquidated again.
View OriginalReply0
GateUser-4745f9cevip
· 12-13 01:19
The number 23 is a bit painful, I have to eat noodles again Yesterday 29, today 23, the decline is so fast... Good thing I didn't chase the high Extreme panic? Isn't this just a signal to bottom out? Are you all ready? The panic index sounds intimidating, but it's really just a data game Falling below 20 is really uncomfortable, the wallet is crying
View OriginalReply0
LiquidationOraclevip
· 12-13 01:11
23 is really panicking now, this drop is quite fierce It was 29 yesterday, and today it’s directly halved. The pace... Is it time to scoop the bottom again? Or continue to watch? All six dimensions point to panic, the market is really scared Wait, is volatility at 25% weight this high? No wonder the index is dropping so fast Honestly, in the extreme panic zone, I’m not that panicked anymore I want to buy the dip but I’m also scared, just like that When the index hits around 20, it should rebound, right? According to historical patterns Trading volume has also shrunk, really no one dares to act
View OriginalReply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)