$BTC Market sentiment thermometer: Fear & Greed Index at 57 (Greed), down 12 from yesterday.
Folks, how exactly is the Fear & Greed Index calculated? Here’s the short version👇
In the index’s formula, a rising Bitcoin market-cap share is considered a sign of caution, because investors often pull funds out of smaller coins and move them into Bitcoin during periods of fear.
Sharp changes within a day are often caused by significant price fluctuations, and it’s also common for the index to return to its previous level afterward.
All the data does is summarize past trends; the market could just as easily move in the opposite direction.
Folks, how exactly is the Fear & Greed Index calculated? Here’s the short version👇
In the index’s formula, a rising Bitcoin market-cap share is considered a sign of caution, because investors often pull funds out of smaller coins and move them into Bitcoin during periods of fear.
Sharp changes within a day are often caused by significant price fluctuations, and it’s also common for the index to return to its previous level afterward.
All the data does is summarize past trends; the market could just as easily move in the opposite direction.