🗂️ Latest data: $BTC ｜Fear and Greed Index 20｜Extreme Fear｜-8 from yesterday
· What it is: In this index's algorithm, a rising Bitcoin market cap share is considered risk-averse, since funds often retreat from altcoins to Bitcoin during periods of panic.
· How to read it: Extreme fear can last for weeks, and greed can keep intensifying. Trying to buy the dip based on this number alone can easily be premature.
Any indicator only describes market movements that have already happened; prices can reverse course at any time.
#BTC
· What it is: In this index's algorithm, a rising Bitcoin market cap share is considered risk-averse, since funds often retreat from altcoins to Bitcoin during periods of panic.
· How to read it: Extreme fear can last for weeks, and greed can keep intensifying. Trying to buy the dip based on this number alone can easily be premature.
Any indicator only describes market movements that have already happened; prices can reverse course at any time.
#BTC
