Crypto Fear And Greed Index Currently Sits In “Extreme Fear” Territory
As per the latest weekly report from Arcane Research, the cryptocurrency market could soon complete one full year of fearful sentiment.
The relevant indicator here is the “fear and greed index,” which tells us about the general sentiment among investors in the crypto market.
The metric uses a numeric scale that runs from zero to hundred for representing this sentiment. All values greater than fifty imply a greedy mood, while those below the threshold suggest a fearful air.
Outside of these two sentiments, there also exist two subset sentiments, the “extreme fear” and the “extreme greed.” These occur at values towards the ends of the range. That is, those above 75 for the former, and those below 25 for the latter.
Now, here is a chart that shows the trend in the crypto fear and greed index over the past year:
As you can see in the above graph, the current long spell of fear first started way back in mid-Nov of last year as the bull run died down.
Since then, outside of only a few spikes to greed, the crypto fear and greed index has stayed below a value of fifty.
During this period, the metric has actually spent a large amount of time in the extreme fear territory, meaning investors have had a deep bottom mentality in 2022.
The latest value of the indicator has been 22, meaning that investors are extremely fearful at the moment. This isn’t much different from the last week, which observed a value of 24.
The below meter displays where the current market stands compared to last week and last month.
BTC Price
At the time of writing, Bitcoin’s price floats around $19.2k, up 1% in the last seven days. Over the past month, the crypto has lost 1% in value.
Below is a chart that shows the trend in the price of the coin during the last five days.
