Bitwise Europe Research Director: A crypto fear and greed index below 20 signals excess return.

Golden Finance reported that due to the sluggish market, on November 14, the Crypto Assets Fear and Greed Index fell to 16, entering the extreme fear zone. Bitwise's European Research Director André Dragosch stated on X that when the Crypto Assets Fear and Greed Index is below 20, the subsequent average performance of Bitcoin is: 1 day +0.9%; 2 days +1.8%; 5 days +4.1%; 1 week +5.2%; 2 weeks +9.3%; 1 month +19.9%; 2 months +44.2%; 3 months +62.4%; 6 months +48.5%. He noted that many analysts believe the Crypto Assets Fear and Greed Index is just noise, but in fact, this index has historically signaled excess returns.