Summary
- The virtual asset fear and greed index fell to 22 points, entering the extreme fear stage.
- The index fell 6 points from the previous day, indicating the market sentiment has significantly contracted.
- The fear and greed index is calculated based on volatility, trading volume, social media, surveys, Bitcoin market cap dominance, Google search volume.
The virtual assets (cryptocurrencies) fear and greed index fell by 6 points compared to the previous day, showing a decline in investor sentiment. The fear and greed index is an indicator of market sentiment: values near 0 indicate extreme fear, values near 100 indicate extreme greed.
On the 17th (local time), the fear and greed index provided by virtual asset analytics firm Alternative stood at 22 out of 100, entering the 'extreme fear' stage. The index fell 6 points from the previous day (28 points), showing a significantly weakened market atmosphere.
The fear and greed index is calculated based on volatility (25%), trading volume (25%), social media (15%), surveys (15%), Bitcoin market cap dominance (10%), and Google search volume (10%).
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit![[Market] Bitcoin falls below $82,000...$320 million liquidated over the past hour](https://media.bloomingbit.io/PROD/news/93660260-0bc7-402a-bf2a-b4a42b9388aa.webp?w=250)
