Just saw: $BTC
Market sentiment thermometer: Fear & Greed Index at 68 (Greed), up 5 from yesterday.
People often ask what the Fear & Greed Index means, so here’s how I understand it.
In the way this index is calculated, a rising Bitcoin market cap share is considered a sign of risk aversion, because people often pull out of altcoins and move into Bitcoin when they’re fearful.
Fear can last a long time, and extreme greed can become even greedier, so relying on the index alone to call the market top often means getting out too early.
If you’re using leverage, keep extra margin on hand. Don’t let a single wick liquidate your position.
#BTC
Market sentiment thermometer: Fear & Greed Index at 68 (Greed), up 5 from yesterday.
People often ask what the Fear & Greed Index means, so here’s how I understand it.
In the way this index is calculated, a rising Bitcoin market cap share is considered a sign of risk aversion, because people often pull out of altcoins and move into Bitcoin when they’re fearful.
Fear can last a long time, and extreme greed can become even greedier, so relying on the index alone to call the market top often means getting out too early.
If you’re using leverage, keep extra margin on hand. Don’t let a single wick liquidate your position.
#BTC