Crypto market, 'Greed' maintained…Fear and Greed index rises to 74

Cryptocurrency market maintaining greed (Source: Alternative)

The investment sentiment in the cryptocurrency market continues to follow an optimistic trend. According to the cryptocurrency data provider Alternative, as of July 19, the 'Fear and Greed Index' recorded 74, up 1 point from the previous day. This corresponds to the 'Greed' stage, indicating that the overall market's expectations for rise remain strong.

The Fear and Greed Index is an indicator that quantifies investment sentiment, where closer to 0 indicates extreme fear, and closer to 100 indicates extreme greed. This index is calculated by comprehensively reflecting volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), Bitcoin market capitalization share (10%), and Google search volume (10%).

A high index situation can be interpreted as a short-term overheating signal, but on the other hand, it is also an indicator that shows there is still capital inflow and upward expectations in the market. Investors are closely watching how long the current positive sentiment can continue.