Data shows that Bitcoin investor sentiment has cooled to the lowest level since February, something that could facilitate a rebound in the price.
Bitcoin Fear & Greed Index Now Points At Just ‘Greed’
The “Fear & Greed Index” is an indicator created by Alternative that tells us about the general sentiment among investors in the Bitcoin and broader cryptocurrency sector.
This metric uses a numeric scale from zero to hundred to represent the sentiment. To calculate the score, the index considers the data of five factors: volatility, trading volume, social media sentiment, market cap dominance, and Google Trends.
All values of the indicator above the 53 mark suggest the presence of greed among the investors, while below the 47 level implies a fearful market. The region between these two corresponds to the neutral sentiment.
Here is how the latest value of the Bitcoin Fear & Greed Index looks:
As is visible above, the Bitcoin Fear & Greed Index currentl
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