$BTC Market sentiment thermometer: Fear & Greed Index 62 (Greed), up 5 from yesterday.
Let’s use this figure to talk about the Fear & Greed Index.
In the index’s methodology, a rising Bitcoin market-cap share is viewed as a sign of risk aversion, since people often move from smaller coins back into Bitcoin when they’re fearful.
It basically reflects sentiment around Bitcoin. Altcoins often follow their own rhythms, so don’t assume the same applies to them.
Rare readings usually come with greater volatility. At times like these, it’s better to reduce your position rather than add to it.
#BTC
Let’s use this figure to talk about the Fear & Greed Index.
In the index’s methodology, a rising Bitcoin market-cap share is viewed as a sign of risk aversion, since people often move from smaller coins back into Bitcoin when they’re fearful.
It basically reflects sentiment around Bitcoin. Altcoins often follow their own rhythms, so don’t assume the same applies to them.
Rare readings usually come with greater volatility. At times like these, it’s better to reduce your position rather than add to it.
#BTC