[BlockBeats] The market sentiment data for December 6 has been released. The Fear and Greed Index has dropped directly to 23, falling even further from yesterday’s 28. According to this scoring standard, the market has now re-entered the “extreme fear” zone.
How is this index calculated? It actually combines data from several dimensions: market volatility and trading volume each account for 25% of the weight, social media discussion heat and market surveys each account for 15%, Bitcoin’s market cap share accounts for 10%, and Google search trends make up the remaining 10%. The score ranges from 0 to 100, with lower numbers indicating more fear in the market.
Dropping from 28 to 23, this change has happened pretty quickly. It’s unclear which dimension dragged it down—maybe trading volume shrank, or maybe FUD sentiment increased on social platforms.
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MechanicalMartel
· 20h ago
23 is directly in despair mode now, this wave is really a bit rushed...
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potentially_notable
· 21h ago
The number 23 is pretty intense. Is it time to buy the dip again?
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hodl_therapist
· 21h ago
23? Directly entered extreme fear mode, is this a buying opportunity?
The Fear Index plummeted to 23 in a single day, and the market has returned to extreme fear mode.
[BlockBeats] The market sentiment data for December 6 has been released. The Fear and Greed Index has dropped directly to 23, falling even further from yesterday’s 28. According to this scoring standard, the market has now re-entered the “extreme fear” zone.
How is this index calculated? It actually combines data from several dimensions: market volatility and trading volume each account for 25% of the weight, social media discussion heat and market surveys each account for 15%, Bitcoin’s market cap share accounts for 10%, and Google search trends make up the remaining 10%. The score ranges from 0 to 100, with lower numbers indicating more fear in the market.
Dropping from 28 to 23, this change has happened pretty quickly. It’s unclear which dimension dragged it down—maybe trading volume shrank, or maybe FUD sentiment increased on social platforms.