Bitwise Head of Research Europe: Crypto Fear and Greed Index below 20 signals excess return opportunities
Jinse Finance reported that due to the sluggish market, the Crypto Fear & Greed Index dropped to 16 on November 14, entering the extreme fear zone. André Dragosch, Head of Research Europe at Bitwise, posted on X that when the Crypto Fear & Greed Index falls below 20, the subsequent average performance of bitcoin is: 1 day +0.9%; 2 days +1.8%; 5 days +4.1%; 1 week +5.2%; 2 weeks +9.3%; 1 month +19.9%; 2 months +44.2%; 3 months +62.4%; 6 months +48.5%. He stated that many analysts believe the Crypto Fear & Greed Index is just noise, but in fact, the index has consistently signaled excess returns in the past.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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