Crypto Sentiment Plunges as Fear and Greed Index Falls to Extreme Lows
Alternative data shows the index stands at 11, slightly up from yesterday’s 9, with last week’s average at 14, sustaining the ‘Extreme Fear’ market sentiment.
BTC
Fact Check
The evidence overwhelmingly and consistently supports the statement. Multiple authoritative sources, including Yahoo Finance, CryptoRank, and RTTNews, explicitly report that the Crypto Fear and Greed Index has fallen into the 'Extreme Fear' category. Several primary data sources provide specific, very low readings for the index, such as 9 and 12, which are defined as 'Extreme Fear' levels. One article highlights that this represents the lowest level since the FTX collapse, strongly reinforcing the 'Extreme Lows' part of the statement. There are no contradictions among the provided sources; they are all in agreement. The convergence of evidence from financial news reports, crypto-specific data platforms, and direct data feeds provides a high degree of confidence in the statement's truthfulness.
Summary
On Feb. 11, alternative data indicated the Crypto Fear and Greed Index rose slightly to 11 from 9 the previous day, while last week's average was 14. The market remains in the ‘Extreme Fear’ zone, driven by metrics such as volatility, trading volume, social media activity and Bitcoin dominance.
Terms & Concepts
- Fear and Greed Index: A sentiment indicator measuring market emotions ranging from extreme fear to extreme greed, often used to anticipate potential price movements in cryptocurrencies.