Crypto Fear·Greed Index 79…Market, ‘Extreme Greed’ Phase Entry

Fear and Greed Index Recorded Highest Level This Year Except Trump Inauguration Day (Source: Alternative)

The 'Fear and Greed Index' indicating investment sentiment in the Cryptocurrency market has entered an extreme greed stage. According to the Cryptocurrency data platform Alternative, as of the morning of July 12th, this index recorded 79, an 8-point increase from the previous day.

The index means the closer to 0, the more extreme fear, the closer to 100, the more extreme greed, and the current figure shows that market investment sentiment is excessively optimistic. This is interpreted as a signal that speculative sentiment is strongly acting along with a sharp price increase.

The Fear and Greed Index is calculated based on Volatility (25%), Trading Volume (25%), SNS References (15%), Surveys (15%), Bitcoin Market Cap Share (10%), Google Search Volume (10%), etc. The recent rise in the price of Bitcoin and major altcoins, the expansion of trading volume, and the surge of interest on social media seem to have influenced the index rise.

There are also voices in the market that attention should be paid to such overheating signals. This is because the possibility of price adjustment increases in the extreme greed stage.