Market sentiment remains "greedy", and has fully recovered from the "neutral" sentiment at the beginning of the month.

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On August 11, according to Alternative data, today's crypto Fear and Greed Index is 70, yesterday was 69 (weekly average of 64), with market sentiment in a state of "greed".

The crypto market sentiment had dropped to 53 at the beginning of the month, marking the first time it fell into the "neutral" zone since July, but has now fully recovered.

Note: The Fear and Greed Index threshold is 0-100, including indicators: volatility (25%) + market trading volume (25%) + social media popularity (15%) + market survey (15%) + Bitcoin's proportion in the entire market (10%) + Google trend analysis (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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