Data shows the current stretch of Bitcoin fear has surpassed that during the 2021 selloff as market continues to be extremely fearful. Bitcoin Fear And Greed Index Shows Market Sentiment Is Again Extremely Fearful This Week As per the latest weekly report from Arcane Research, sentiment among BTC investors has once again been that of extreme fear this week. The “fear and greed index” is an indicator that tells us about the general sentiment currently among Bitcoin holders. The metric uses a numeric scale that goes from one to hundred for representing this sentiment. All values above fifty signal “greed” in the market, while index values below the cutoff imply holders are fearful right now. Extreme values of above 75 and below 25 indicate market sentiments of extreme greed and extreme fear, respectively. Historically, Bitcoin tops have usually formed while investors are extremely greedy. Similarly, bottom formations have taken place during periods of extreme fear. Because of this, some investors think buying during extreme greed is the best, while extreme fear is ideal for selling. Related Reading | 82% Of Bitcoin Short-Term Holder Supply Now In Loss, Capitulation Ahead? This investment philosophy is called “contrarian trading.” Warren Buffet sums it up the best: “Be fearful when others are greedy, and greedy when others are fearful.” Now, here is a chart that shows the trend...
