Data shows the Bitcoin market sentiment has remained deep in extreme fear this week as broader financial markets also get fearful. Bitcoin Fear And Greed Index Shows A Value Of 12 This Week As per the latest weekly report from Arcane Research, the wider financial market is at its highest level of fear since the COVID crash in 2020. The “fear and greed index” is an indicator that tells us about the general market sentiment among Bitcoin investors right now. The metric displays this sentiment using a numeric scale that runs from one to hundred. All values of the index above “50” imply a sentiment of greed, while all those below the cutoff indicate a fearful market. When the indicator has values towards the end of the range, that is, above 75 or below 25, the market is in a state of extreme greed or extreme fear. Some investors believe that it’s best to buy when the market is extremely fearful as bottoms have historically tended to happen during such periods. Similarly, tops have formed in the past while the market has gone through extreme greed so such times may be ideal for selling. Related Reading | Bitcoin Whale Breaks 8 Year Long Silence With $30 Million Worth Of BTC Transfer Contrarian investing is a trading technique that follows this idea. To quote Warren Buffet, “Be fearful when others are greedy, and greedy when others are fearful.” Now, here is a chart that shows the trend...
