Greed is still cooling off
Alternative data: The Fear and Greed Index stands at 61 today, down from 64 yesterday, continuing its decline. Volatility and trading volume each account for a quarter of the index, and both are weighing on it.
At 61, the index is still in the greed zone, and leveraged longs haven’t been fully liquidated. As the index moves toward 50, real support from BTC spot buyers should finally emerge. In previous cycles, the market only bottomed after grinding down to around that level.
Would you dare to add to your position here, or wait until the index falls below 50 before making a move?
$BTC $ETH $SOL
#比特币 #MarketSentiment
Alternative data: The Fear and Greed Index stands at 61 today, down from 64 yesterday, continuing its decline. Volatility and trading volume each account for a quarter of the index, and both are weighing on it.
At 61, the index is still in the greed zone, and leveraged longs haven’t been fully liquidated. As the index moves toward 50, real support from BTC spot buyers should finally emerge. In previous cycles, the market only bottomed after grinding down to around that level.
Would you dare to add to your position here, or wait until the index falls below 50 before making a move?
$BTC $ETH $SOL
#比特币 #MarketSentiment