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Fear and Greed Index Status: Market Sentiment Remains Bearish
The Fear and Greed Index, which indicates market sentiment in the cryptocurrency market, is currently at 22. This is a 1-point increase from yesterday, but it still remains in the extreme fear zone.
Looking at the trend by time period, the average over the past 7 days is 23, which does not differ significantly from the current figure, and the 30-day average is also 22, indicating that bearish sentiment persists in the long term.
The Fear and Greed Index is displayed on a scale from 0 to 100, where 0–25 indicates extreme fear, 25–50 fear, 50–75 greed, and 75–100 extreme greed. The current index level of 22 reflects that market participants' sentiment is quite bearish.