According to Mars Finance, on November 23, the cryptocurrency fear and greed index reported a value of 13 (compared to 11 yesterday), with a weekly average of 10, indicating a state of "extreme fear" in market sentiment. Note: The fear index ranges from 0-100 and includes the following indicators: volatility (25%) + market volume (25%) + social media buzz (15%) + market surveys (15%) + Bitcoin's share of the overall market (10%) + Google trending topics (10%).
The market remains in a state of "extreme panic," with the average value over the past week being only 10.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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