The data shows that the Bitcoin Fear & Greed Index has recorded a sharp leap after recovering at the price of the original above 81,000 dollars.
Bitcoin Fear & Greed now refers to “Fear”
“Fear and Fear Index” is an indicator of its creation substitute This tells us about the average feelings between investors in Bitcoin markets and coded currency markets on a larger scale.
The indicator uses a digital scale that extends from scratch to a hundred to represent the investor mentality. All values above 53 are compatible with feelings of greed, while those less than 47 are fear. The values between these two herds indicate pure neutral feelings.
Now, here are the current market morale, according to the Fear & Greed Index:
The value of the metric appears to be 39 at the moment | Source: Alternative
As shown above, the Bitcoin Fear & Greed Index has a value of 39 at the present time, which means that the normal trader in the space holds a feeling of fear. However, the fearful mentality is not very strong, as the index is only 8 units away from the neutral area.
Yesterday was different, as the scale resided in the value of 18. This level of FUD was so strong that it was inside a special area known as extreme fear (25 and below). This minimum level of the index came when Bitcoin and others crashed amid uncertainty about the definitions.
With US President Donald Trump put a 90 -day stand on the definitions of most countries, prices have witnessed some recovery, which naturally allowed the rise in the market mood.
The trend in the Fear & Greed Index over the past twelve months | Source: Alternative
Although the Fear & Greed index has wore at the present time, it is not known how much time will remain a recovery. From the above graph, it is visible that the scale be up and down recently, which implicitly means that investors have been fluctuated.
Historically, Bitcoin and Altcoin Market tend to move in the direction that the less crowd expects. As such, extreme fear, as Fud was the strongest, often paved the way for market bottom operations. BTC was inside the intense fear area, so it could have formed a bottom. If so, the last recovery may be one to the past.
However, it should be noted that in late February, the index achieved significantly less value 10, and while it was coinciding with a decrease, it was not clear that it was not the main bottom. Thus, it remains only to see how things will be released this time.
Fear and greed index is based on its value for many factors, one of which is a sense of social media. in mail In X, Santiment Analysis spoke about how this market morale changes after the winding news of Bitcoin and ETHEREUM, the largest digital assets.
The data of the ratio between the positive and negative sentiments on social media | Source: Santiment on X
It seems that the upscale feelings erupted on social media platforms after the news, with positive 3.5 and 2.3 comments for each negative function related to Bitcoin and Ethereum, respectively.
BTC price
At the time of this report, Bitcoin is trading about $ 81,500, an increase of approximately 6 % last day.
Looks like the price of the coin has seen recovery in the last 24 hours | Source: BTCUSDT on TradingView
Distinctive image from Dall-E, Santiment.net, Chart from TradingView.com
Editing process For Bitcoinist, it is focused on providing accurate, accurate and non -biased content. We support strict resource standards, and each page is subject to a diligent review by our team of senior technology experts and experienced editors. This process guarantees the integrity of our content, importance and value of our readers.
The post Bitcoin Sentiment Notes Drastic Jump As BTC Recovers To $81k first appeared on Investorempires.com.
