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A sign of a pick-up in market sentiment? The panic index rose from 22 to 26
Market sentiment has changed subtly. The latest data shows that the Crypto Market Fear and Greed Index rose to 26 today, an improvement from yesterday’s 22 - finally climbed out of the quagmire of “extreme panic” and is now in the normal panic range.
How is this index calculated? In fact, it is a comprehensive scoring system: market volatility and trading volume each account for a quarter of the weight, social media discussion popularity and market survey questionnaires account for 15% each, Bitcoin market capitalization accounts for 10%, and Google search trends also account for 10%. The score ranges from 0 to 100, and the lower the number, the stronger the panic.
Although it is still in the panic zone, at least it is in the right direction - the mood is slowly being repaired.