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The Crypto Market Fear Index has dropped to 20, with extreme fear spreading.
[BlockBeats] The data on December 7 is a bit disheartening.
According to Alternative’s statistics, the Crypto Fear and Greed Index dropped to 20 today, lower than yesterday’s 23. The market is definitely in “extreme fear” mode right now.
How is this index calculated? It’s actually a composite score, with a maximum of 100. Specifically: market volatility accounts for 25%, trading volume is also 25%, social media discussion heat is 15%, market surveys 15%, Bitcoin market cap dominance 10%, and Google search trends 10%.
By combining these dimensions, you can see just how anxious the current market sentiment is. This score of 20 indicates that fear in the market is indeed quite strong.