Bitcoin is now in its longest period of "extreme fear"
Seventy consecutive days of "extreme fear" show no end in sight as Bitcoin price action remains stuck around 20,000 $.
Market news
Bitcoin (BTC) may have avoided further losses since dropping to $17,600 last month, but sentiment is on the ground.
Now, a classic crypto market mood gauge shows how long and hard the average investor has suffered.
70 days of "extreme fear"While crypto market sentiment was already “funeral-like” before the start of 2022, the subsequent decline in Bitcoin and altcoin prices produced cold feet like never before.
This has now been quantified by the Crypto Fear & Greed Index, a tool that takes multiple sources into account to create an overall score of the state of the markets.
As of July 15, Fear & Greed has spent 70 days in its lowest bracket (“extreme fear”), marking a new all-time low.
The index consists of five such slices, the others being "fear", "neutral", "greed", and "extreme greed".
A score below 25/100 on normalized fear corresponds to "extreme greed", and it is this score zone that has characterized the last two months. The last time the market was more bullish than “extreme scare” was May 5 — days before the Terra (LUNA) debacle — now called Terra Classic (LUNC).
Seventy consecutive days of "extreme fear" show no end in sight as Bitcoin price action remains stuck around 20,000 $.
Market news
Bitcoin (BTC) may have avoided further losses since dropping to $17,600 last month, but sentiment is on the ground.
Now, a classic crypto market mood gauge shows how long and hard the average investor has suffered.
70 days of "extreme fear"While crypto market sentiment was already “funeral-like” before the start of 2022, the subsequent decline in Bitcoin and altcoin prices produced cold feet like never before.
This has now been quantified by the Crypto Fear & Greed Index, a tool that takes multiple sources into account to create an overall score of the state of the markets.
As of July 15, Fear & Greed has spent 70 days in its lowest bracket (“extreme fear”), marking a new all-time low.
The index consists of five such slices, the others being "fear", "neutral", "greed", and "extreme greed".
A score below 25/100 on normalized fear corresponds to "extreme greed", and it is this score zone that has characterized the last two months. The last time the market was more bullish than “extreme scare” was May 5 — days before the Terra (LUNA) debacle — now called Terra Classic (LUNC).
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