Data shows that the Bitcoin trader sentiment is currently neutral, a sign that investors are indecisive about the direction of the cryptocurrency. Bitcoin Fear & Greed Index Is Right In The Balance Right Now The “Fear & Greed Index” is an indicator created by Alternative that tells us about the average sentiment among the traders in the Bitcoin and wider cryptocurrency markets. This index determines the sentiment by accounting for the data of the following five factors: trading volume, volatility, market cap dominance, social media sentiment, and Google Trends. To represent the calculated sentiment, the indicator uses a scale that runs from zero to hundred. When the metric’s value is greater than 53, it means the investors are sharing a sentiment of greed right now. On the other hand, the indicator being under 47 suggests the dominance of fear in the sector. Naturally, the region in-between these cutoffs corresponds to a neutral mentality. Related Reading: Dogecoin Whales Scoop Up 1 Billion DOGE: Time For Rally To Return? Now, here is how the latest value of the Bitcoin Fear & ..
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