시가 총액
24시간 볼륨
6566
암호화폐
51.43%
Bitcoin 공유

Bitcoin Investors Succumb To Fear As BTC Erases $60,000 Weekend Recovery

Bitcoin Investors Succumb To Fear As BTC Erases $60,000 Weekend Recovery


NewsBTC
2024-09-17 04:30:43

Data shows that the sentiment of the Bitcoin market has switched to fear after the retrace. BTC has seen a $58,000 level during the past day. Bitcoin Fear & Greed Index Is Pointing At ‘Fear’ Now The “Fear & Greed Index” is an indicator created by Alternative that tells us about the general sentiment among the investors in the Bitcoin and the wider cryptocurrency market. Related Reading: Ethereum In Danger: Analyst Explains What Could Trigger Crash To $1,800 Market sentiment can be helpful to follow as it can reflect the cryptocurrency’s price. It sometimes plays a role in the asset’s trajectory, which may be unexpected to many investors. The Fear & Greed Index uses data from the following five factors to estimate the average sentiment among investors: volatility, trading volume momentum, social media sentiment, market cap dominance, and Google Trends. Based on these factors, the metric represents this mentality as a score between zero and hundred. The index having a value greater than 53 implies the presence of greed among the investors, while under 47 suggests fear in the market. The values in between these two cutoffs suggest a net-neutral mentality. Now, here is what the latest Bitcoin market sentiment has looked like from the perspective of the indicator: As is visible above, the Bitcoin Fear & Greed Index has a value of 39, which suggests that the majority of the investors in the market are slightly fearful at the moment. This is a notable change from yesterday, when the index had a value of 51, and the holders had been sharing a neutral mentality. The chart below shows a record of all the changes in the index over the past year. As displayed in the graph, the Bitcoin Fear & Greed Index saw a sharp improvement over the weekend, caused by the recovery that the asset price had enjoyed beyond the $60,000 mark. However, the cryptocurrency has kicked off the new week with a plunge back towards $58,000, which may be why the sentiment has also seen a reset to the fear region. That said, while the index is back in the fear zone, it’s not yet at the 31 value it was at before the earlier recovery. This fact, however, may not be a good sign for the asset. Historically, Bitcoin has tended to move against the expectations of the majority. The probability of a contrary move occurring has only increased the more the investors have become sure of a direction. Related Reading: Bitcoin Sentiment Spikes After Mild Price Jump: Crowd Too Excited Too Quickly? Thus, when the Fear & Greed Index assumes low values (signifying a special sentiment called the extreme fear), bottoms can be probable to occur. Similarly, it being high (extreme greed) can signal tops. With the Bitcoin market being only slightly fearful right now, it seems the pullback in the cryptocurrency hasn’t been enough to deal a heavy blow to investor morale. Naturally, a pullback can still occur for the coin, but it may be less likely if sentiment worsens further. BTC Price Bitcoin has dropped more than 3% over the past day, which has taken its price to $58,100. Featured image from Dall-E, Alternative.me, chart from TradingView.com


면책 조항 읽기 : 본 웹 사이트, 하이퍼 링크 사이트, 관련 응용 프로그램, 포럼, 블로그, 소셜 미디어 계정 및 기타 플랫폼 (이하 "사이트")에 제공된 모든 콘텐츠는 제 3 자 출처에서 구입 한 일반적인 정보 용입니다. 우리는 정확성과 업데이트 성을 포함하여 우리의 콘텐츠와 관련하여 어떠한 종류의 보증도하지 않습니다. 우리가 제공하는 컨텐츠의 어떤 부분도 금융 조언, 법률 자문 또는 기타 용도에 대한 귀하의 특정 신뢰를위한 다른 형태의 조언을 구성하지 않습니다. 당사 콘텐츠의 사용 또는 의존은 전적으로 귀하의 책임과 재량에 달려 있습니다. 당신은 그들에게 의존하기 전에 우리 자신의 연구를 수행하고, 검토하고, 분석하고, 검증해야합니다. 거래는 큰 손실로 이어질 수있는 매우 위험한 활동이므로 결정을 내리기 전에 재무 고문에게 문의하십시오. 본 사이트의 어떠한 콘텐츠도 모집 또는 제공을 목적으로하지 않습니다.