Fear is now 28 and the whole market is worth 2.47 trillion dollars. The fear is getting deeper, not better. 😨
CoinGecko global data checked at 08:00 PKT on 12 November puts total market cap at 2.47 trillion dollars, with Bitcoin dominance at 59.84 percent and Ethereum dominance at 10.14 percent, while the Fear and Greed Index sits at 28, down from 29 yesterday. 📊 Bitcoin is up 0.30 percent in 24 hours but down 8.55 percent in 7 days, Ethereum is flat on the day and down 15.34 percent in 7 days, and XRP is down 19.57 percent in 7 days, so the fear score matches what the charts show. My reading is that dominance near 60 percent tells you traders are hiding in Bitcoin, not rotating into alts, and that is what a fear market looks like, safety first, risk later.
Does dominance break above 60 percent, or do alts finally catch a bid? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #FearGreed
CoinGecko global data checked at 08:00 PKT on 12 November puts total market cap at 2.47 trillion dollars, with Bitcoin dominance at 59.84 percent and Ethereum dominance at 10.14 percent, while the Fear and Greed Index sits at 28, down from 29 yesterday. 📊 Bitcoin is up 0.30 percent in 24 hours but down 8.55 percent in 7 days, Ethereum is flat on the day and down 15.34 percent in 7 days, and XRP is down 19.57 percent in 7 days, so the fear score matches what the charts show. My reading is that dominance near 60 percent tells you traders are hiding in Bitcoin, not rotating into alts, and that is what a fear market looks like, safety first, risk later.
Does dominance break above 60 percent, or do alts finally catch a bid? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #FearGreed
