Crypto Fear and Greed Index Rises to 17, Still in Extreme Fear Zone

Crypto Fear and Greed Index Rises to 17, Still in Extreme Fear Zone

Alternative data shows sentiment slightly improving but remaining deeply negative, as multiple market indicators continue to reflect caution among cryptocurrency investors.

BTC

Fact Check
The evidence strongly supports the plausibility of the statement. A primary source from Cointelegraph confirms the Crypto Fear and Greed Index recently reached a value of 20. This value falls within the 'Extreme Fear' category (0-24), which is the same category as the queried value of 17. The proximity of the confirmed value (20) to the claimed value (17) makes the statement highly probable, as the index is known to be volatile.Furthermore, two sources from MacroMicro are identified as primary data providers that offer historical charts and raw data for the index. These sources are the definitive records for verifying the exact historical values of the index. While the summaries do not explicitly confirm the value of 17, their existence and high relevance provide a direct path to verification and lend significant weight to the claim being factual at some point in the index's history.Other sources are either irrelevant, as they discuss indices for specific cryptocurrencies like Solana and Ethereum or are about different financial products, or they are too general, discussing the concept of 'fear' without providing specific numbers. There is no evidence that contradicts the statement. The combination of a confirmed nearby value from a credible source and the existence of verifiable historical data makes the statement very likely to be true.
Summary

On February 3, alternative data recorded the Crypto Fear and Greed Index at 17, up from 14 the previous day. Despite this uptick, the market remains in the extreme fear zone, indicating persistent investor caution. The index is derived from factors such as volatility, trading volume, social media engagement, surveys, Bitcoin dominance, and Google search trends.

Terms & Concepts
  • Crypto Fear and Greed Index: A composite metric that gauges cryptocurrency market sentiment based on factors like volatility, trading volume, social media activity, surveys, Bitcoin dominance, and search trends.
  • Extreme Fear: A sentiment level on the index indicating high uncertainty and risk aversion among investors, often correlating with reduced buying activity.