BlockBeats News, February 7th, according to Alternative data, today’s cryptocurrency fear and greed index dropped to 6 (from 9 yesterday), further intensifying the market’s “extreme fear” sentiment.
With the current value, historically such low data has only been seen in June 2022 and August 2019.
Note: The fear index threshold is 0-100 and includes the following indicators: Volatility (25%) + Market Trading Volume (25%) + Social Media Hype (15%) + Market Surveys (15%) + Bitcoin’s Dominance (10%) + Google Trends Analysis (10%).
