With BTC’s recent brief break below the $60,000 mark, market sentiment took a 180-degree turn overnight, from $75 of greed a week ago to $30 of fear.
JinseFinanceTonight, the US CPI and FOMC interest rate meeting will be held one after another, with a gap of no more than 6 hours. After the non-agricultural data, it may be another night of horror.
JinseFinanceOver the past six years from 2018 to 2024, cryptocurrency market sentiment has been fearful 54.7% of the time, greedy 32.0% of the time, and neutral the remaining 13.3% of the time .
JinseFinanceThe Crypto Fear and Greed Index has dropped to "neutral" levels (52 out of 100), a notable shift from the recent "extreme greed" score, just days after the historic approval of spot Bitcoin ETFs in the United States. Despite the approval, Bitcoin's price fluctuations and increased searches for explanations indicate lingering uncertainty in the cryptocurrency market.
EdmundThe Fear and Greed Index moving averages are close to generating a bullish EMO cross signal.
Beincrypto70 days of straight "extreme fear" shows no end in sight as Bitcoin price action stays wedged around $20,000.
CointelegraphOn-chain indicators focusing on Bitcoin's fair valuation and long-term holders' sentiment also raise its prospects of bottoming out.
CointelegraphBTC has a deja vu with market sentiment as the situation is similar to the weeks after the COVID-19 crash in March 2020.
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