Time To Be Fearful? Bitcoin Index Reaches Greediest Point Since Peak

Data shows the Bitcoin fear and greed index has now reached the highest level since the peak in November as the price of the crypto rallies up. Bitcoin Fear And Greed Index Now Points At “Greed” As per the latest weekly report from Arcane Research, the BTC fear and greed index has surged to values of greed sentiment this week. The “fear and greed index” is an indicator that tells us about the current general market sentiment among Bitcoin investors. The metric uses a numeric scale that travels from one to hundred for representing this sentiment. All values above fifty signify that investors are greedy at the moment. While those below the cutoff suggest a fearful market. Values above 75 and below 25, that is, the values toward the ends of the range, represent extreme greed and extreme fear, respectively. Now, here is a chart that shows the trend in the Bitcoin fear and greed index over the past year: Looks like the value of the indicator has surged up recently | Source: Arcane Research's The Weekly Update - Week 12, 2022 As you can see in the above graph, the Bitcoin fear and greed index has sharply risen over the past week. The indicator now has a value of 56, which shows the market is getting greedy. This value of the metric is now more than in any other period in the year 2022 so far, and is the highest since the peak in early November of last year. Related Reading | Glassnode’s RHODL ...