The panic index drops to 32, market sentiment remains subdued

2026-01-20 00:56:09

Abstract generation in progress

【BlockBeats】On January 20th, the fear and greed index of the crypto market dropped again to 32, significantly down from yesterday’s 44. Compared to the weekly average of 26, there has been a rebound, but overall, the market remains in a “fear” atmosphere.

This index is quite comprehensive—volatility accounts for the largest weight (25%), followed by market trading volume (25%), social media buzz, and market surveys each at 15%, Bitcoin’s contribution to the overall market proportion at 10%, and Google trending analysis also at 10%. In other words, it reflects multi-dimensional signals such as on-chain activity, trading enthusiasm, public opinion heat, and the strength of mainstream coins.

From the value of 32, market participants’ cautious sentiment is still ongoing, and the appeal of risk assets is limited in the short term.

BTC-0.63%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

19 Likes

Reward
19
6
Repost
Share

Comment

0/400

GasGrillMaster

· 01-21 04:20

32 has dropped again. Do you still dare to buy in? I think it's uncertain.

View OriginalReply0

TheShibaWhisperer

· 01-20 16:22

The number 32, to put it simply, is numbness; no one is panicking and no one is greedy. --- Dropped again, it seems everyone is waiting for the bottom. --- The fact that volatility weight is the largest indicates that current fluctuations are the main theme. --- Limited short-term appeal? Then what about the long term? Should brothers buy the dip? --- The index dropped from 44 to 32, but I think the most genuine signals are actually on-chain; media are just clouds. --- Cautionary sentiment, which means we haven't reached true panic yet. --- Social media hype only accounts for 15%, and this thing can't reflect the actual market situation at all. --- Feels like the market is just grinding at the bottom; this feeling is so annoying. --- What's so pessimistic about 32? The key is whether trading volume can keep up. --- Another index, another source of anxiety. Better to just look at the K-line chart.

View OriginalReply0

NotGonnaMakeIt

· 01-20 01:26

32... Still have to wait again The cautious sentiment hasn't passed yet, and there really aren't many opportunities in the short term I just want to buy the dip, how long do I have to wait for that?

View OriginalReply0

ChainSauceMaster

· 01-20 01:21

32 points? That just means everyone is watching and no one dares to move. --- The panic index has dropped again, it feels like we need to wait a bit longer before jumping in. --- The design with the highest volatility weight is interesting, but right now there’s not much trading enthusiasm. --- Limited appeal for short-term risk assets? Then just hold on and wait, it’s not going to drop much anyway. --- At 32, it’s actually an opportunity; historically, when it hits 32, it often rebounds soon. --- Social media buzz is already included, those voices on Twitter have long reflected that, no surprises there. --- Bitcoin only accounting for 10% weight is quite interesting; this index seems to focus more on market sentiment rather than on-chain fundamentals. --- Another piece of bad news, when will we see a day below 32?

View OriginalReply0

OptionWhisperer

· 01-20 01:18

The number 32 reminds me of the disaster in November last year. Why hasn't it dropped to a single digit yet?

View OriginalReply0

HodlTheDoor

· 01-20 01:16

32? Really, I've seen this rhythm before. --- Once again in the data game, with volatility accounting for such a large proportion, it's just scary. --- Persistent cautious sentiment... frankly, no one wants to move. --- Wait, with such low trading volume, how can it still account for 25% weight? The logic is a bit strange. --- Short-term attractiveness is limited, but what about the long term? That's the real issue. --- Will 32 continue to bottom out? It feels like there's no enough momentum for a rebound. --- Social media buzz accounts for 15%, maybe our constant chatter is boosting the index haha. --- Every time the index goes down, it's an opportunity to short, that's how I interpret it. --- The highest weight on volatility... with the recent market trend, no wonder the panic index is so low. --- Persistent cautious sentiment is a good thing, indicating that the bubble hasn't reached an extreme.

View OriginalReply0