Data shows the Bitcoin market has been stuck in a state of extreme fear since the 5th of May, meaning this run of bottom sentiment has gone on for more than a full month now. Bitcoin Fear And Greed Index Continues To Point At An Extremely Fearful Market According to the latest weekly report from Arcane Research, the crypto market is currently going through its longest run of extreme fear since the COVID crash back in 2020. The “fear and greed index” is an indicator that tells us about the general investor sentiment in the Bitcoin and wider crypto market. The metric uses a numeric scale that goes from one to hundred for displaying this sentiment. When the value of the index is less than fifty, it means investors are fearful at the moment. Related Reading | Glassnode: Bitcoin Long-Term Holders Own 90% Of Supply In Profit On the other hand, values of the indicator above the threshold imply that investors currently share a sentiment of greed. Values towards the end of the range of below 25 and above 75 indicate sentiments of extreme fear and extreme greed, respectively. Now, here is a chart that shows the trend in the Bitcoin fear and greed index over the past year: The value of the metric seems to have been very low recently | Source: Arcane Research's The Weekly Update - Week 22, 2022 As you can see in the above graph, the Bitcoin fear and greed index is showing a value of 15 right now, suggesting that the ...
