On-chain sentiment metrics continue to paint a bleak picture of the crypto market. The fear and greed index has climbed to 24, registering a modest 3-point increase from the previous reading. However, this modest uptick does little to ease the pervasive pessimism gripping the space.
Looking at the broader trend data, the picture remains consistently grim. The 7-day moving average sits at just 17, while the 30-day average holds at 21, per Coinglass analytics. These persistently low readings underscore how entrenched the extreme fear sentiment has become across the sector.
The fear and greed index, which ranges from 0 to 100, serves as a key barometer for market psychology—with readings below 25 signaling panic-level anxiety among investors. At the current level of 24, the crypto market remains firmly planted in extreme fear territory, suggesting that capitulation and widespread risk aversion continue to dominate trading behavior.
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Crypto Fear & Greed Index Hits 24: Market Remains Locked in Extreme Fear Territory
On-chain sentiment metrics continue to paint a bleak picture of the crypto market. The fear and greed index has climbed to 24, registering a modest 3-point increase from the previous reading. However, this modest uptick does little to ease the pervasive pessimism gripping the space.
Looking at the broader trend data, the picture remains consistently grim. The 7-day moving average sits at just 17, while the 30-day average holds at 21, per Coinglass analytics. These persistently low readings underscore how entrenched the extreme fear sentiment has become across the sector.
The fear and greed index, which ranges from 0 to 100, serves as a key barometer for market psychology—with readings below 25 signaling panic-level anxiety among investors. At the current level of 24, the crypto market remains firmly planted in extreme fear territory, suggesting that capitulation and widespread risk aversion continue to dominate trading behavior.