Cryptocurrency Fear and Greed Index Analysis: 2023

Bitcoin BTC reaches a new high, how to look at the panic and greed index rationally!During the cryptocurrency bear market of 2018-2019, the Fear and Greed Index recorded the second and third highest number of days in the “fear” sentiment range, respectively.During the 2021 bull run, the cryptocurrency market experienced its greediest year of all years tracked to date, spending 199 of 365 days in a greedy state (54.5%). Cryptocurrency sentiment in 2022 is in stark contrast, as the market has been in fear for almost the entire year, 343 out of 365 days (94.0%). The number of days with extreme fear was 207, exceeding the 136 days recorded with fear alone.​Despite the persistence of the crypto bear market in 2023, market sentiment appears to be stabilizing, with 137 days (37.5%) of neutrality, 165 days (45.2%) of greed, and 63 days (17.3%) of significantly less fear. It is worth noting that there are only 3 days of extreme fear in the first quarter of 2023 and no days of extreme greed. This suggests that consolidation in the cryptocurrency market has led to milder sentiment recorded by the Fear and Greed Index.From November 2023 to February 2024, for the first time, the Cryptocurrency Fear and Greed Index did not register any “fear” sentiment for four consecutive months. It remains to be seen whether the cryptocurrency market will continue to experience bullish sentiment. Until the Bitcoin halving in May.

热点： FEAR GREED INDEX