[BlockBeats] The market on December 8th is making people uneasy.
Looking at the data from Alternative, the Fear & Greed Index is still at 20, same as yesterday. Market sentiment? Extreme fear—those two words sum it up.
How is this index calculated? It’s actually pretty scientific—volatility and trading volume each account for a quarter of the weight, social media discussion accounts for 15%, market surveys also 15%, Bitcoin market cap dominance 10%, and Google search trends another 10%. Six dimensions are scored comprehensively, and in the range from 0 to 100, it’s now stuck at 20.
Numbers don’t lie. Everyone who understands knows what this kind of extreme sentiment usually means.
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NFTHoarder
· 12-08 02:52
20-point index? This is a bottom-fishing signal, why are there still people hesitating?
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ChainMaskedRider
· 12-08 02:52
The number 20... honestly feels like there's no end in sight.
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MetaLord420
· 12-08 02:50
Index 20? Is this really the bottoming time, or should we just stay on the sidelines and watch?
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BrokeBeans
· 12-08 02:50
The number 20 makes me uncomfortable just looking at it. This is exactly the time to buy the dip—a lot of people are just scared out of the market.
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degenonymous
· 12-08 02:47
A fear index of 20? Honestly, this is actually the time to buy.
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MetaverseVagrant
· 12-08 02:37
20 is so interesting, this is repeatedly testing the bottom line.
The Fear Index has hit a low of 20 for two consecutive days, and market sentiment has reached rock bottom.
[BlockBeats] The market on December 8th is making people uneasy.
Looking at the data from Alternative, the Fear & Greed Index is still at 20, same as yesterday. Market sentiment? Extreme fear—those two words sum it up.
How is this index calculated? It’s actually pretty scientific—volatility and trading volume each account for a quarter of the weight, social media discussion accounts for 15%, market surveys also 15%, Bitcoin market cap dominance 10%, and Google search trends another 10%. Six dimensions are scored comprehensively, and in the range from 0 to 100, it’s now stuck at 20.
Numbers don’t lie. Everyone who understands knows what this kind of extreme sentiment usually means.