Extreme Fear Grips Altcoins As 90% Of Tokens Trade Below 200DMA: Perfect Time...
Altcoins continue to face heavy pressure across the board after the historic crash that shook the crypto market on Friday. The sudden sell-off triggered the largest liquidation event in crypto history, wiping out billions in leveraged positions within minutes. Even established blue chips such as Chainlink (LINK) and Avalanche (AVAX) saw their prices plunge more […]
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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....
On Wednesday, following the drop below the $30,000 region, bitcoin’s price has rebounded more than 8% since Tuesday’s low. Meanwhile, the sentiment metric recorded by the Crypto Fear and Greed Index (CFGI) is extremely low, pointing to “extreme fear” in the market. Despite being a scary term, the time is usually the best time to obtain assets for a lower price. However, data from Tradingview’s technicals show bitcoin is still in the “sell” range, while bitcoin market oscillators are more “neutral.” CFGI Sentiment Metric Reaches....
Following the Bitcoin crash to $42k, the fear and greed index has declined to extreme fear values not seen since July of last year. Bitcoin Fear And Greed Index Points At “Extreme Fear” As pointed out by an analyst in a CryptoQuant post, the BTC fear and greed index has dropped to very low values. The “fear and greed index” is a crypto indicator that measures the general sentiment among investors in the market. The index uses numbers to represent the sentiment on a numeric scale that goes from zero to hundred. Values of the indicator above fifty mean that the....
The crypto market sentiment has been on the decline over the last year and it has come in tandem with the decline in bitcoin price. Bitcoin, which moves the entirety of the crypto market most times, has had a tough go of it in recent times. Now, as the pioneer cryptocurrency continues to struggle to hold a good value in the market, sentiment has plunged towards 3-month lows. Market In Extreme Fear The crypto market is now entering what is one of the longest fear trends in recent history. Over the last six months, there has not been any significant recovery in market sentiment. The last....
Data shows the Bitcoin market has again fallen back into a state of extreme fear as the price has plummeted down over the past week. Bitcoin Fear And Greed Index Says Market Is Extremely Fearful As per the latest weekly report from Arcane Research, extreme fear has returned to the BTC market, suggesting now may be the time to buy. The “fear and greed index” is an indicator that tells us about the general sentiment among investors in the Bitcoin market. The index uses a numeric scale that runs from one to hundred for representing the sentiment. All values above the....