$BTC Market Sentiment Thermometer: Fear & Greed Index 59 (Greed), down 5 from yesterday.
Guys, how is this index calculated? Here’s the short version 👇
The Fear & Greed Index is basically built around Bitcoin and used as an approximation of sentiment across the crypto market as a whole.
It mainly reflects sentiment around Bitcoin. Smaller coins often follow different dynamics, so don’t apply it to them directly.
Extreme readings usually mean bigger swings. That’s when you should consider reducing your position, not adding to it.
#BTC
Markets change in an instant, so don’t rush to conclusions.
Guys, how is this index calculated? Here’s the short version 👇
The Fear & Greed Index is basically built around Bitcoin and used as an approximation of sentiment across the crypto market as a whole.
It mainly reflects sentiment around Bitcoin. Smaller coins often follow different dynamics, so don’t apply it to them directly.
Extreme readings usually mean bigger swings. That’s when you should consider reducing your position, not adding to it.
#BTC
Markets change in an instant, so don’t rush to conclusions.