Fear and Greed Index Drops to 71: Latest Insights on Bitcoin Sentiment from Coinglass Data
Main Idea
The cryptocurrency Fear and Greed Index has dropped to 71, indicating a slight decrease in market optimism, while short-term and long-term averages show stability and consistent investor caution.
Key Points
1. The Fear and Greed Index is currently at 71, down 2 points from the previous day.
2. The 7-day average remains steady at 72, indicating short-term market stability.
3. The 30-day average holds at 71, reflecting consistent investor caution over the past month.
4. The index helps investors gauge market emotions, with high values indicating bullish sentiment and lower values suggesting caution.
5. Factors such as price swings and regulatory news can influence changes in the index.
Description
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