Data shows the Bitcoin market has been stuck in a state of extreme fear since the 5th of May, meaning this run of bottom sentiment has gone on for more than a full month now.
Bitcoin Fear And Greed Index Continues To Point At An Extremely Fearful Market
Акыркы жумалык отчетко ылайык жазгырма изилдөө, the crypto market is currently going through its longest run of extreme fear since the COVID crash back in 2020.
"коркуу жана ачкөздүк индекси” is an indicator that tells us about the general investor sentiment in the Bitcoin and wider crypto market.
The metric uses a numeric scale that goes from one to hundred for displaying this sentiment. When the value of the index is less than fifty, it means investors are fearful at the moment.
Related окуу | Glassnode: Bitcoin Узак мөөнөттүү ээлери кирешенин 90% ына ээ
On the other hand, values of the indicator above the threshold imply that investors currently share a sentiment of greed.
Values towards the end of the range of below 25 and above 75 indicate sentiments of өтө коркуу and extreme greed, respectively.
Эми, бул жерде өткөн жылдагы Bitcoin коркуу жана ач көздүк индексинин тенденциясын көрсөткөн диаграмма:
The value of the metric seems to have been very low recently | Source: Arcane Research'тин жумалык жаңыртуусу - 22-жума, 2022-жыл
As you can see in the above graph, the Bitcoin fear and greed index is showing a value of 15 right now, suggesting that the general sentiment is that of extreme fear.
These low values of the metric have now been there for more than a month now. Such a long streak last occurred following the COVID crash two years ago. Then, the run lasted for 48 consecutive days before the sentiment saw any improvement.
Related окуу | Crypto Investors Stablecoins, Bitcoin, Ditch Altcoins En Masse коопсуздугу табуу
Historically, bottoms have tended to form during periods of extreme fear, while tops have occurred during extreme greed.
Because of this, some investors believe the former periods provide ideal buying opportunities for Bitcoin, while the latter could be fitting selling points.
The trading technique that follows this idea is called contrarian investing. Warren Buffet’s famous quote encapsulates it best:
Башкалар ач көз болгондо корк, башкалар корккондо ач көз бол.
If this philosophy is anything to go by, then the current sentiment may mean now could be the time to buy Bitcoin.
At the moment, it’s unclear how long this streak of extreme fear will last. It could be as long or longer than the last one, or the sentiment may soon see an uplift.
BTC Баасы
Отчет жазылып жаткан учурда, Bitcoin баасы 30.4 миң доллардын тегерегинде калкып, акыркы аптада 3% га төмөндөдү.
Looks like the value of BTC has jumped back above $30k | Source: TradingView боюнча BTCUSD
Featured image from Unsplash.com, charts from TradngView.com, Arcane Research
Source: https://www.newsbtc.com/news/bitcoin/greed-crypto-markets-crushed-full-month-fear/