The crypto market remains sluggish, with the fear index reaching a new two-month high

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【Blockchain Rhythm】According to the latest data, the panic sentiment in the crypto market remains strong. On December 27th, the Fear and Greed Index dropped to 23, even lower than the previous day, indicating a very conservative market sentiment.

More notably, since November 3rd, this index has been hovering below 30, lasting nearly two months. To put it in perspective, the last time the market experienced such prolonged extreme panic was in Q4 2022, when the entire industry was going through a downturn.

By the way, how is this panic index calculated? It combines six major factors: volatility accounts for 25%, market trading volume for 25%, social media buzz for 15%, market surveys for 15%, Bitcoin market share for 10%, and Google search trend data for 10%. Therefore, this index essentially reflects the true emotional temperature of the market.

BTC-0,56%
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consensus_whisperervip
· 12-30 02:51
23? Damn, are we about to repeat the 2022 rhythm?
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ForkMastervip
· 12-27 04:01
Bear market mining is the right way. A low panic index indicates that the opportunity has arrived. I got in during this time in the fourth quarter of last year.
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OfflineNewbievip
· 12-27 04:01
23? Can it go any lower? It feels like the bottom is still a long way off.
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BlockchainFoodievip
· 12-27 03:59
ngl this 23 reading feels like a poorly seasoned dish... way too much salt, not enough depth. two months below 30? that's giving "kitchen's completely out of stock" energy fr fr
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RugpullSurvivorvip
· 12-27 03:55
Two months of extreme panic? Honestly, this is often a buying opportunity.
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