Crypto Fear and Greed Index Hits Second-Most Fearful Ever
The Crypto Fear and Greed Index hit 6 during last week’s crypto crash – its second-lowest reading ever. The lower the reading, the more extreme the fear among crypto investors, according to the indicator.
What the Crypto Fear and Greed Index measures
As the name suggests, the index measures how fearful or greedy crypto investors are on a given day. Lower (closer to zero) means more fear and higher (closer to 100) means more greed. It tallies up things like crypto volatility, momentum, social media sentiment, bitcoin dominance, and Google search trends. See our Fear & Greed Index guide for the full explanation.
What the index is saying about crypto right now
As bitcoin dropped toward $60,000 last week, the Crypto Fear and Greed Index dropped with it. It reached an “extreme fear” level of 6 on Saturday, 7 February – the day after bitcoin bounced from $60,000 to $70,000.
But even with that bounce, the index still shows extreme fear, with a reading of 9 this morning.
After an initial relief rally, bitcoin hasn’t seen much follow through yet. Investors are now wondering whether the bounce was just that – a bounce – before continuing to new bear market lows.
That’s why the market isn’t greedy yet.
