{"id":1556,"date":"2024-10-23T16:02:29","date_gmt":"2024-10-23T16:02:29","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=1556"},"modified":"2024-10-23T16:02:29","modified_gmt":"2024-10-23T16:02:29","slug":"bitcoin-sentiment-watch-investors-yet-to-embrace-extreme-greed","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=1556","title":{"rendered":"Bitcoin Sentiment Watch: Investors Yet To Embrace Extreme Greed"},"content":{"rendered":"
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Data shows that Bitcoin sentiment has been on the edge of extreme greed recently, but investors haven\u2019t yet looked ready to embrace the hype.<\/p>\n

Bitcoin Fear & Greed Index Is Currently Pointing At \u2018Greed\u2019<\/h2>\n

The \u201cFear & Greed Index<\/a>\u201d refers to an indicator created by Alternative<\/a> that tells us about the general sentiment among the investors in the Bitcoin and the wider cryptocurrency sector.<\/p>\n

This index calculates the sentiment as a number between zero and a hundred. This calculation uses data from the following five factors: volatility, trading volume, social media sentiment, market cap dominance, and Google Trends.<\/p>\n

When the value of this metric is greater than 53, it means the investors share a sentiment of greed. On the other hand, under 47 suggests the presence of fear in the market. The territory in between these two thresholds corresponds to a net-neutral mentality.<\/p>\n

Now, here is what the Bitcoin Fear & Greed Index is like right now:<\/p>\n

\"Bitcoin<\/p>\n

As is visible above, the latest value of the Fear & Greed Index has been 70, which suggests the traders as a whole are holding a notable greedy sentiment. This isn\u2019t a new development, however, as the market has in fact already been in this territory for the past week or so.<\/p>\n

The below chart shows the trend in this indicator over the past year.<\/p>\n

\"Bitcoin<\/p>\n

The graph shows that the index had plunged into fear territory earlier in the month due to the bearish action that the price had seen. However, trader mood has seen a significant uplift with the recovery rally.<\/p>\n

In this latest streak of greed, the indicator has touched a high of 73. This value is close to a special region called the extreme greed<\/a>, which occurs at 75 and above.<\/p>\n

In the past, the indicator has generally breached this territory during market euphoria. Such a large amount of hype is something that has historically led to tops in the price.<\/p>\n

There is also a similar region for the fear side, known as extreme fear<\/a> (occurring at 25 and below). Market despair levels so deep have generally facilitated bottoms in the coin.<\/p>\n

The Bitcoin Fear & Greed Index has stagnated just beyond the extreme greed region in the last few days and the reason is likely to be that the rally has seen a setback.<\/p>\n

The fact that the investors haven\u2019t just yet sat on the hype train, though, may be a positive sign for this run to succeed, as it means that at least excessive greed hasn\u2019t become an obstacle for it so far.<\/p>\n

BTC Price<\/h2>\n

Bitcoin has retraced back to $67,300 after having gone above $69,000 a couple of days ago.<\/p>\n

\"Bitcoin<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Data shows that Bitcoin sentiment has been on the edge of extreme greed recently, but investors haven\u2019t yet looked ready to embrace the hype. Bitcoin Fear & Greed Index Is Currently Pointing At \u2018Greed\u2019 The \u201cFear & Greed Index\u201d refers to an indicator created by Alternative that tells us about the general sentiment among the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-1556","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/1556","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1556"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/1556\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}