Five Months Of Fear: When Will The Bitcoin Carnage End?

Data shows the Bitcoin market has mostly showed a sentiment of fear and extreme fear for around five months now as the price continues to struggle. Bitcoin Fear And Greed Index Continues To Point At A Fearful Market As per the latest weekly report from Arcane Research, the crypto market has remained fearful this week as prices show no signs of recovery. The “fear and greed index” is an indicator that tells us about the general sentiment among Bitcoin and crypto investors. The metric uses a numeric scale that runs from one to hundred for displaying the sentiment. Values below fifty usually denote “fear,” while values above the mark indicate “greed.” Index values of above 75 and below 25 signify that the market is facing extreme greed and extreme fear, respectively. The fear and greed index being in the vicinity of fifty may be taken as a sign that the sentiment is rather neutral at the moment. Now, here is a chart that shows the trend in the Bitcoin fear and greed index over the past year: It looks like the indicator is still observing a rather low value | Source: Arcane Research's The Weekly Update - Week 17, 2022 As you can see in the above graph, the Bitcoin fear and greed index has a value of 27 this week, showing that the market is near extreme fear. Related Reading | Altcoin Aversion: Why Bitcoin And Stablecoin Dominance Is On The Rise With the exception of some brief spikes t...