According to BlockBeats, the Alternative data indicates that the Crypto Fear and Greed Index has risen to 25 on March 6, compared to 20 the previous day. Last week's average was 10, suggesting that while the market sentiment remains in a state of 'extreme fear,' there has been some alleviation compared to the previous week.
The Fear and Greed Index ranges from 0 to 100 and is calculated based on several factors: volatility (25%), market trading volume (25%), social media activity (15%), market surveys (15%), Bitcoin's dominance in the market (10%), and Google Trends analysis (10%).