Crypto Fear and Greed Index: 78
Whenever the index reaches 95, there is a massive sell-off. When the index exceeds 90, it is a danger sign that a correction may occur at any time.
On March 14, 2024, $BTC hit an all-time high of about 88, and since then, BTC has retraced more than -17.66% from the all-time high to the swing low on March 20, 2024.
Yesterday, the index was 80. The 3-month low was 48, which occurred on January 24, 2023.
Note: This indicator reflects the overall market sentiment.