Market sentiment continues to be sluggish. Today's Fear and Greed Index has dropped to 23, down one point from yesterday's 24. It's worth noting that the average for this number was only 20 last week, and the whole market is still trapped in extreme fear. How is this index calculated? It's actually quite scientific—volatility and volume each account for a quarter of the weight, social media discussion heat and market survey questionnaires each account for 15%, plus the market share of Bitcoin and Google search trends.
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Market sentiment continues to be sluggish. Today's Fear and Greed Index has dropped to 23, down one point from yesterday's 24. It's worth noting that the average for this number was only 20 last week, and the whole market is still trapped in extreme fear. How is this index calculated? It's actually quite scientific—volatility and volume each account for a quarter of the weight, social media discussion heat and market survey questionnaires each account for 15%, plus the market share of Bitcoin and Google search trends.