As of February 20th, alternative data shows the cryptocurrency Fear & Greed Index has dropped again to 7 — down from 9 yesterday — with market sentiment still in the historically rare “extreme fear” zone. Such fear levels have only been seen previously in June 2022 and August 2019. Note: The Fear & Greed Index ranges from 0 to 100, incorporating these indicators: Volatility (25%) + Market Trading Volume (25%) + Social Media Hype (15%) + Market Surveys (15%) + Bitcoin Dominance (10%) + Google Trends Analysis (10%).
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