Secondly, it can stay in the greed and extreme greed levels for extended periods. Firstly, it can change incredibly rapidly as news breaks or prices slide. As you can see, it stayed there for over a month before news of China’s mining ban broke and it dropped precipitously.Īt a broader level, this chart reveals two important things about the Crypto Fear and Greed Index. That period also coincided with the massive profit opportunities of ‘DeFi summer’. Notably, it hit its highest point in February 2021 following the run from AU$10,000 to AU$50,000. We can see that the index hit its lowest point in March 2020, as panic about the coronavirus spread and both financial markets and the crypto markets sold off, including Ethereum, Litecoin, Terra, and Ripple. It also shows us bitcoin sentiment has correlated with major events in crypto over the past two years. It shows us how bitcoin sentiment has changed over the longer term, specifically from June 2019 to October 2020.Īs you can see, the index generally sits in the greed range and rarely drops into extreme fear for more than a month. This historical chart of the Crypto Fear and Greed Index from BTC Tools. Insights from the Crypto Fear and Greed Index An increase in certain search terms such as ‘bitcoin price manipulation’ is considered a fearful signal, while ‘bitcoin price prediction’ would be considered more bullish.
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