Mo.bi - Crypto Currency Tracker logo Mo.bi - Crypto Currency Tracker logo
NewsBTC 2022-05-25 17:00:06

Market Sentiment Dangerously Negative As Crypto Fear Index Drops To Two-Year Low

Crypto market sentiment has dropped into the far negative once more. This has been one in the making ever since the Terra crash had begun and investors had scrambled to leave the market. A culmination of this and speculations that the market is headed into one of the longest bear trends ever recorded has now seen sentiment fall to levels not recorded since 2020. In The Extreme Fear Region Now, the crypto market sentiment has not been positive for a while. Most of the last two months have been spent in the fear territory and April had closed out in extreme fear. Nevertheless, the scores on the Fear & Greed Index had remained somewhat high until the LUNA crash. This has sent the market into extreme fear overdrive as the Fear & Greed Index now displays a score of 12, the lowest it has been in two years. Related Reading | Bitcoin, Ethereum Exchange Inflows Suggest Sell-Offs Are Far From Over More notable is the fact that the index had touched as low as 8 last week. This makes it the second-lowest score that has ever been recorded on the index, the lowest being a score of 5 in 2018. What had followed from its May 17th lows was a bit of a recovery but even that had not held up well. As of the time of writing, the index has lost another point and is now sitting at 11. Market sentiment falls to extreme greed | Source: Arcane Research This extreme fear reading mirrors how investors are feeling when it comes to investi...

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.