Crypto Fear Gauge Stuck In The Red — Analysts Say That’s Good News
Reports say social and on-chain mood around crypto has dropped to a yearly low, a sign that fear is running high among many investors. Santiment’s social-data read shows negative chatter spiking and the balance of bearish to bullish comments tilting heavily toward fear. That kind of panic has, at times, been followed by price rebounds […]
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Analysts fear that Bitcoin is primed to drop after the $14,000 break on Saturday. The recent price action has been spotty due to a lack of follow-through at $14,000. An analyst also added that with uncertainty in the stock market and with the U.S. Dollar Index on support, BTC has a good chance at moving lower as opposed to higher. Bitcoin Primed to Drop, Analysts Fear Analysts fear that Bitcoin is primed to retrace as […]
The crypto market is in full fledged fear for the longest phase in more than a year, coinciding with a massive Bitcoin drop of more than 50%. The once trending cryptocurrency has yet to recover, leaving the market and participants in a state of extreme fear. But past data shows, fear is often a good […]
Trader sentiment is verging on "extreme fear," the Index shows amid echoes of the climate after the March 2020 cross-asset crash. Bitcoin (BTC) and altcoin traders are more nervous than any time in over a year as a classic sentiment gauge signals "fear" is driving the market.According to the Crypto Fear & Greed Index, cryptocurrency traders have not had such cold feet about the market climate since April 2020.March 2020 on repeatFear & Greed uses a basket of factors to determine overriding sentiment among market participants — and therefore where the market itself is likely headed.Price....
Seventy days of straight "extreme fear" shows no end in sight as Bitcoin price action stays wedged around $20,000. Bitcoin (BTC) may have avoided fresh losses since falling to $17,600 last month, but the sentiment is on the floor.Now, one classic crypto market mood gauge is showing just how long and hard the average investor has suffered.70 days of "extreme fear"While crypto market sentiment was already "comparable to funeral" before the start of 2022, the subsequent price drawdown in Bitcoin and altcoins produced cold feet like never before.This has now been quantified by the Crypto Fear....
It’s the calm before the storm. What to do when the Fear and Greed index turns grey? Warren Buffett already told us to be greedy when others are fearful. We already know that we should be fearful when others are greedy. What should we do when the market it’s at a rare state of balance and expectations are high? We should probably take a page for those Bitcoin maximalists and… wait for it… HODL! One of the main criticisms that the Fear and Greed Index gets is that it encourages traders and investors to try to time the market instead of holding strong. Bad things happen to those who try to....