To gain a deeper understanding of people’s beliefs and emotions, the Crypto Greed and Fear Index is a tool or a database that analysts have created. This list’s main purpose is to quantify and score out of 100 the sentiments gleaned through social media, momentum, volume, and other relevant aspects.
Based on both extremes, the index assigns rankings. 1 indicates that there is a great deal of worry in the market and that traders are hesitant to initiate positions. On the other hand, 100 indicates that individuals are currently exceedingly greedy.
Today the index lies at 11. This shows that there is extreme fear in the market and the people are reluctant to take positions in the market. Last week, the fear was again at 11 showing extreme fear in the market.