Data shows the crypto market has been deep into fear recently as the price of Bitcoin has struggled, but sentiment is still not inside extreme fear.
Crypto Fear And Greed Index Shows Investors Are Fearful Right Now
Према последњем недељном извештају из Арцане Ресеарцх, the crypto market sentiment has remained stable in deep fear territory during the past week.
"индекс страха и похлепе” is an indicator that tells us about the general sentiment among investors in the crypto market.
The metric uses a numeric scale that moves from zero to hundred for representing this sentiment. All values on the upper side of 50 indicate a greedy market, while those below the mark imply investors are fearful.
Values of the indicator towards the end of the range signify sentiments of “крајња похлепа” (more than 75) and “extreme fear” (less than 25).
Сада, ево графикона који показује тренд индекса крипто страха и похлепе током прошле године:
The value of the metric seems to have come down in recent days | Source: Недељно ажурирање Арцане Ресеарцх-а - 34. недеља 2022
As you can see in the above graph, the crypto fear and greed index had been climbing up for a few weeks and almost entered into the greed territory as prices of coins like Bitcoin rallied up.
However, with the end of the rally, the market sentiment immediately plummeted back down into the depths of fear, showing the investor mentality was quite weak to begin with.
The current value of the indicator is just 27, which is only two points away from the extreme fear territory. This is a slight decline over the last seven days as the metric had a value of 28 then.
Looks like the value of the indicator was 42 last month | Source: Недељно ажурирање Арцане Ресеарцх-а - 34. недеља 2022
Nonetheless, the report points out that at the same low $20k levels of the Bitcoin price as now, the market sentiment was much worse back in June as it was firmly inside extreme fear.
This implies that investors are now more comfortable at these price levels than compared to a couple of months back.
БТЦ цена
У време писања, Битцоин цена креће се око 20.3 хиљада долара, што је пад од 5% у последњој недељи. Током прошлог месеца, крипто је изгубио 14% на вредности.
Графикон испод приказује тренд цене новчића у последњих пет дана.
The value of the crypto has been mostly moving sideways during the past few days | Source: БТЦУСД на ТрадингВиев
Featured image from Peio Bty on Unsplash.com, charts from TradingView.com, Arcane Research
Source: https://www.newsbtc.com/crypto/crypto-market-deep-fear-bitcoin-continues-struggle/