CRYPTO FEAR & GREED INDEX FALLS TO 30 AFTER THE BINANCE HACK
CryptoQuant says the Crypto Fear & Greed Index has fallen to 30, compared with a 30-day average of 56, following the October 29 Binance hack. The index had already declined from 68 on October 22 to 51 before the incident, suggesting sentiment was weakening even before the attack.
CryptoQuant says a sustained recovery in both sentiment and price would be needed to confirm an improvement.
My view: A reading of 30 is still in fear territory, and the fact that it was already falling before the hack shows this was not just a one-day reaction. Until sentiment and price recover together and hold, the market stays vulnerable to fresh selling on new bad news.
Source: https://wublockchain.xyz/news/crypto-fear-greed-index-falls-to-30-after-binance-hack-21480
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CryptoQuant says the Crypto Fear & Greed Index has fallen to 30, compared with a 30-day average of 56, following the October 29 Binance hack. The index had already declined from 68 on October 22 to 51 before the incident, suggesting sentiment was weakening even before the attack.
CryptoQuant says a sustained recovery in both sentiment and price would be needed to confirm an improvement.
My view: A reading of 30 is still in fear territory, and the fact that it was already falling before the hack shows this was not just a one-day reaction. Until sentiment and price recover together and hold, the market stays vulnerable to fresh selling on new bad news.
Source: https://wublockchain.xyz/news/crypto-fear-greed-index-falls-to-30-after-binance-hack-21480
👇 TRADE HOT COINS HERE 👇
$SOPH
$MITO
$KORU
