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Cryptocurrency Panic Index drops to 6, an extremely rare level of "Extreme Fear" in history#当前行情抄底还是观望？
On February 7, according to Alternative data, today’s cryptocurrency fear and greed index fell to 6 (from 9 yesterday), further intensifying the "Extreme Fear" sentiment in the market.
Based on current values, such low readings have only occurred in June 2022 and August 2019 in history.
Note: The panic index threshold ranges from 0-100, including indicators: volatility (25%) + market trading volume (25%) + social media buzz (15%) + market surveys (15%) + Bitcoin’s proportion in the overall market (10%) + Google trending analysis (10%).