{"id":4107,"date":"2024-12-12T07:33:56","date_gmt":"2024-12-12T07:33:56","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=4107"},"modified":"2024-12-12T07:33:56","modified_gmt":"2024-12-12T07:33:56","slug":"bitcoin-sentiment-drops-out-of-extreme-greed-as-bearish-action-continues","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=4107","title":{"rendered":"Bitcoin Sentiment Drops Out Of Extreme Greed As Bearish Action Continues"},"content":{"rendered":"
\n

Data shows that the sentiment of Bitcoin has cooled off from extreme greed as bearish price action continues for BTC and other cryptocurrencies.<\/p>\n

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

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

This metric uses a numeric scale from zero to hundred to represent the sentiment. All values above the 53 mark correspond to the investors holding a sentiment of greed, while those under 47 suggest fear in the market. The territory in between the cutoffs implies a net-neutral mentality.<\/p>\n

Now, here is what the Bitcoin Fear & Greed Index says regarding the current market sentiment:<\/p>\n

\"Bitcoin<\/p>\n

As is visible above, the indicator has a value of 74, which means the investors share a sentiment of greed right now. This current value is also quite deep into the region, so deep that it sits right on the boundary of a special zone called extreme greed<\/a>.<\/p>\n

The market experiences extreme greed whenever the index breaks above the 75 mark. There is also a similar territory for the fear side, known as the extreme fear, occurring under 25.<\/p>\n

The extreme sentiments have historically been quite significant for Bitcoin and other cryptocurrencies, as major tops and bottoms have tended to occur in these regions.<\/p>\n

The relationship between sentiment and price has been inverse, meaning extreme greed has been where tops have taken place, while extreme fear is the region of bottoms.<\/p>\n

During the latest leg of the bull run, the index generally spent time inside the extreme greed zone. The metric was in the region just yesterday.<\/p>\n

\"Bitcoin<\/p>\n

The change in the sentiment has come as BTC has witnessed a pullback<\/a> and the altcoin market has gone through a crash. Given the historical pattern that Bitcoin has usually observed, this latest cooldown in investor sentiment could turn out to be a positive and potentially allow the rally to see a continuation.<\/p>\n

In some other news, the Estimated Leverage Ratio for the BTC-USDT pair has observed a decline recently, as CryptoQuant founder and CEO Ki Young Ju pointed out in an X post<\/a>.<\/p>\n

\"Bitcoin<\/p>\n

The Estimated Leverage Ratio measures the average amount of leverage that the futures market users are opting for. The fact that this metric has registered a drawdown recently could be constructive for Bitcoin, as it means there is lower risk of a chaotic mass liquidation event happening.<\/p>\n

BTC Price<\/h2>\n

Bitcoin had gone as low as under $94,300 yesterday, but it appears the coin has been quick to recover as its price is already back at $98,500.<\/p>\n

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

Data shows that the sentiment of Bitcoin has cooled off from extreme greed as bearish price action continues for BTC and other cryptocurrencies. Bitcoin Fear & Greed Index Is Now Pointing At \u2018Greed\u2019 The \u201cFear & Greed Index\u201d is an indicator created by Alternative that tells us about the average sentiment among investors in 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-4107","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\/4107","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=4107"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/4107\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4107"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4107"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4107"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}