A detailed explanation of the Fear and Greed Index - What guiding role does market sentiment play?
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.

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.
Over 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 .
The Fear and Greed Index moving averages are close to generating a bullish EMO cross signal.
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On-chain indicators focusing on Bitcoin's fair valuation and long-term holders' sentiment also raise its prospects of bottoming out.
BTC has a deja vu with market sentiment as the situation is similar to the weeks after the COVID-19 crash in March 2020.
Deja vu for BTC versus market sentiment, as conditions mimic the weeks after the March 2020 COVID-19 crash.
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