Crypto Fear & Greed index flips to ‘greed’ for first time since October
Crypto traders and investors can use sentiment indexes to gauge the market and inform their decisions on whether conditions favor buying or selling.
The Crypto Fear & Greed Index, a metric tracking crypto investor sentiment, has registered a “greed” score for the first time since the $19 billion October liquidation event that sent traders running from altcoins.
In an update on Thursday, the index returned a rating of 61, reflecting better overall sentiment after weeks of “fear” and “extreme fear.” The index climbed to 48 just a day before, putting it within the “neutral” zone.
Crypto investor sentiment plunged on Oct. 11 following the liquidation of $19 billion from crypto markets. In the aftermath, the index returned some of its lowest ratings ever, hitting low double digits several times in November and December.