The latest reading on market psychology shows movement in the positive direction. According to Coinglass metrics, the Crypto Fear & Greed Index has reached 24, representing a 3-point uptick from the previous session. While this marks an improvement, the index remains firmly entrenched in the Extreme Fear territory.
Zooming out to broader timeframes reveals a more cautious picture. The weekly average stands at just 17, suggesting that fear has dominated investor sentiment across the past seven days. The monthly perspective is slightly less dire, with the 30-day average sitting at 21, indicating that recent weakness has pulled down the longer-term average.
The persistent Extreme Fear reading underscores ongoing market hesitation and risk aversion among traders and investors. Despite today’s modest gain, the momentum needed to push into neutral or greed territory remains absent. Market participants continue to process uncertainty, keeping sentiment depressed relative to historical norms.
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Market Sentiment Edges Higher: Crypto Fear & Greed Index Climbs to 24
The latest reading on market psychology shows movement in the positive direction. According to Coinglass metrics, the Crypto Fear & Greed Index has reached 24, representing a 3-point uptick from the previous session. While this marks an improvement, the index remains firmly entrenched in the Extreme Fear territory.
Zooming out to broader timeframes reveals a more cautious picture. The weekly average stands at just 17, suggesting that fear has dominated investor sentiment across the past seven days. The monthly perspective is slightly less dire, with the 30-day average sitting at 21, indicating that recent weakness has pulled down the longer-term average.
The persistent Extreme Fear reading underscores ongoing market hesitation and risk aversion among traders and investors. Despite today’s modest gain, the momentum needed to push into neutral or greed territory remains absent. Market participants continue to process uncertainty, keeping sentiment depressed relative to historical norms.