Market sentiment is at a historically rare level of "Extreme Fear," with the Fear and Greed Index currently at 7.
BlockBeats News, February 8th, according to Alternative data, today's cryptocurrency fear and greed index is 7 (yesterday was 6), and market sentiment remains in the historically rare "extreme fear" zone. Previously, such fear was only seen in June 2022 and August 2019.
Note: The fear index threshold is 0-100, including indicators: Volatility (25%) + Market Volume (25%) + Social Media Hype (15%) + Market Surveys (15%) + Bitcoin's Dominance in the Market (10%) + Google Trends Analysis (10%).
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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