🐋 $BTC Market sentiment thermometer: Fear & Greed Index 53 (Neutral), down 2 from yesterday.
The sentiment index is useful for managing capital, provided you understand how it is calculated.
According to the logic behind this index, a rising Bitcoin market-cap share is seen as a sign of risk aversion, because people often move funds from altcoins back into Bitcoin when they’re afraid.
Understanding how to read indicators isn’t difficult; the hard part is sticking to your plan when sentiment is at its most extreme.
The sentiment index is useful for managing capital, provided you understand how it is calculated.
According to the logic behind this index, a rising Bitcoin market-cap share is seen as a sign of risk aversion, because people often move funds from altcoins back into Bitcoin when they’re afraid.
Understanding how to read indicators isn’t difficult; the hard part is sticking to your plan when sentiment is at its most extreme.