Crypto Market Rally Stopped Short Ahead Of Reaching Full-Blown Greed

Data shows the crypto market sentiment almost entered into the greed territory before the latest rally came to an end. Crypto Fear And Greed Index Shows Investors Are Fearful Right Now According to the latest weekly report from Arcane Research, the market sentiment is currently just floating above the extreme fear region. The “fear and greed index” is an indicator that tells us about the general sentiment among investors in the crypto market. The metric uses a numeric scale that runs from zero to hundred for representing this sentiment. When the value of the index is above 50, it means investors are being greedy at the moment. On the other hand, values of the indicator below this threshold suggest that the market is being fearful right now. Related Reading: Bitcoin Realized Losses Going Down, But Still At Significant Value End values of more than 75 and less than 25 imply sentiments of “extreme greed” and “extreme fear,” respectively. Historically, tops have tended to form during periods with the former sentiment, while bottoms have took place in the latter ones. Now, here is a chart that shows the trend in the crypto fear and greed index over the past year: The value of the metric seems to have plunged down in recent days | Source: Arcane Research's The Weekly Update - Week 33, 2022 As you can see in the above graph, the crypto fear and greed index had been steadily rising up during Ju...