Data shows that Bitcoin holders have recently remained hesitant, as the market sentiment has been neutral for over three weeks.
Bitcoin Fear & Greed Index Continues To Point At Neutral Sentiment
The “fear and greed index” is a metric that tells us about the general sentiment among the investors in the Bitcoin and wider cryptocurrency market. This indicator finds this sentiment after considering factors like volatility, volume, social media analysis, market cap dominance, and Google Trends.
The metric represents this sentiment using a numeric scale from zero to a hundred. All values of the index below the 46 mark imply the presence of fear in the market, while those above 54 suggest the majority sentiment is one of greed.
The in-between region (the values between 46 and 54) signals a neutral mentality among the traders. Besides these three main sentiments, there are also two special ones, “extreme fear” and “extreme…
