Crypto market sentiment index remains at 71 after Bitcoin pullback, still in Greed range
BIBIBI
AT A GLANCE
Following Bitcoin's pullback, the Crypto Fear & Greed Index remained at 71, with market sentiment in the "Greed" range.
Article
⚡️Market sentiment remained relatively stable after Bitcoin's pullback; the Fear & Greed Index remained at 71, in the "Greed" range
BlockBeats news, September 24: Although yesterday's Bitcoin pullback drove substantial declines in altcoins and on-chain tokens, Alternative data shows that today's Crypto Fear & Greed Index remained at 71 (71 yesterday), with market sentiment still in the "Greed" range.
Note: The index ranges from 0 to 100 and includes the following indicators: volatility (25%) + market trading volume (25%) + social media activity (15%) + market surveys (15%) + Bitcoin's share of the overall market (10%) + Google trending keyword analysis (10%).
Original link https://m.theblockbeats.info/flash/368727
Key points
01
On September 24, BlockBeats said that yesterday's Bitcoin pullback drove substantial declines in altcoins and on-chain tokens.
02
According to Alternative data, the Crypto Fear & Greed Index was 71 today and was also 71 yesterday.
03
The original text classifies an index reading of 71 as the "Greed" level.
04
The index ranges from 0 to 100.
05
The indicators listed in the original text include volatility, market trading volume, social media activity, market surveys, Bitcoin market share, and Google trending keyword analysis.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Although the original text says Bitcoin, altcoins, and on-chain tokens declined, the index measuring market sentiment did not fall: it was 71 both today and yesterday, so it remains classified as "Greed."
Why it matters to readers
The data indicates that, after the price declines described in the original text, the market sentiment indicator remained stable and did not leave the "Greed" range.
Beginners can view this index as a market-sentiment reference, but the original text provides only the index result and indicator weights, so it cannot by itself be used to determine the next price move.
Risks and unknowns
The original text does not specify the year corresponding to September 24.
The original text does not provide the index's specific calculation process or underlying data.
The original text does not state the magnitude of the price pullback.
The index alone cannot confirm the market's subsequent direction.
Related Developments
Loading event timeline…
Related concepts
Crypto Fear & Greed Index
This term is not in the glossary yet. Browse related concepts in the glossary.
