Market Sentiment Remains Weak
According to the latest data, the Fear & Greed Index rose from yesterday's 20 to 24. Although there was an increase, the overall market sentiment remains in the 'Extreme Fear' category.
Breakdown of the Index
The Fear & Greed Index evaluates market sentiment through six key dimensions, including:
- Volatility (25%)
- Trading Volume (25%)
- Social Media Engagement (15%)
- Market Survey Data (15%)
- Bitcoin's Market Share (10%)
- Google Search Trends (10%)
Implications of the Current Reading
While the index has risen slightly, it has not yet crossed the 30 threshold, indicating that investor sentiment remains cautious and the market lacks a clear direction. Investors should closely monitor macroeconomic and industry trends to make informed decisions.