A quick note: $BTC
Market sentiment reference: Fear & Greed Index 29 (Fear), down 3 from yesterday.
People often ask what the Fear & Greed Index means, so here's how I understand it.
In the logic behind this index, a rising Bitcoin market cap share is seen as a sign of caution, because when people are afraid, funds often move out of altcoins and back into Bitcoin.
Extreme fear can last for weeks, and greed can get even stronger. Using this number alone to call a market top can easily make you exit too early.
Comparing several data points is more reliable than looking at just one, but even more signals can't provide a definite conclusion.
Market sentiment reference: Fear & Greed Index 29 (Fear), down 3 from yesterday.
People often ask what the Fear & Greed Index means, so here's how I understand it.
In the logic behind this index, a rising Bitcoin market cap share is seen as a sign of caution, because when people are afraid, funds often move out of altcoins and back into Bitcoin.
Extreme fear can last for weeks, and greed can get even stronger. Using this number alone to call a market top can easily make you exit too early.
Comparing several data points is more reliable than looking at just one, but even more signals can't provide a definite conclusion.
