According to PANews, Alternative data reveals that the Fear and Greed Index has dropped to 65 today, a new low since February 7th. Despite this drop, the market sentiment remains in a state of greed.
The Fear and Greed Index ranges from 0-100 and includes the following indicators: volatility (25%), market trading volume (25%), social media heat (15%), market survey (15%), Bitcoin's proportion in the entire market (10%), and Google hot word analysis (10%). This index is a tool used to measure the market's primary emotional drivers, fear and greed.
While the index has dropped, it is important to note that the market sentiment is still in a state of greed. This suggests that despite the recent drop, investors are still largely optimistic about the market's potential.