[Crypto Fear Index Remains Below 30 Since November 3, Market Panic Remains] According to Mars Finance, on December 27, data from Alternative showed the cryptocurrency fear and greed index at 23 (up from 20 yesterday), indicating continued market panic. The cryptocurrency fear index has remained below 30 since November 3, a situation similar to that seen in the fourth quarter of 2022. 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 Trends (10%).
The cryptocurrency fear gauge has remained below 30 since November 3, indicating that market panic remains unabated.
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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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