BTC Fear and Greed Index Signals Prolonged Market Anxiety
CoinDesk
The Bitcoin Fear and Greed Index has remained in the "fear" zone for a week, suggesting prolonged market anxiety amid price consolidation.Summary
The Bitcoin Fear and Greed Index has been stuck at a reading of 24, indicating "fear," for seven consecutive days, coinciding with Bitcoin's price consolidating between $103,000 and $115,000 for nearly two weeks. This prolonged fear suggests potential market exhaustion, as historically, extended fear periods often precede local bottoms when sellers are depleted. The market entered this fear state on October 11th, following a major liquidation event. Furthermore, data from the choppiness index (60 weekly, 55 monthly) supports the view of sideways movement, indicating that this consolidation and anxiety may persist before the next significant directional move occurs, similar to patterns seen before previous market highs.
(Source：CoinDesk)