The cryptocurrency fear gauge has remained below 30 since November 3, indicating that market panic remains unabated.

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On December 27th, according to Alternative data, the cryptocurrency fear and greed index was 23 (up from 20 yesterday), indicating continued market panic. The cryptocurrency fear index has remained below 30 since November 3rd, a situation similar to that that occurred in the fourth quarter of 2022.

Note: The fear index ranges from 0 to 100 and includes the following indicators: volatility (25%) + market trading volume (25%) + social media buzz (15%) + market surveys (15%) + Bitcoin's share of the overall market (10%) + Google trending topics (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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