Crypto Market Sentiment Shows Notable Recovery
According to the latest data from Alternative platform, the cryptocurrency fear and greed index stands at 49 today, slightly lower than yesterday's 50 but still within neutral territory, indicating a more balanced market sentiment.
Notably, this index has rebounded significantly compared to the weekly average of 29 (fear) and monthly average of 16 (extreme fear), reflecting a gradual recovery of confidence among crypto market participants.
Understanding the Fear Index Composition
The index is calculated based on multiple key metrics:
- Market volatility (25%)
- Trading volume changes (25%)
- Social media activity (15%)
- Market survey results (15%)
- Bitcoin's market share (10%)
- Google search trends (10%)
These dimensions together reflect the real-time dynamics of the crypto ecosystem, providing valuable references for investors.