As Bitcoin made a new all-time high above $68k, the crypto market sentiment changed to extreme greed. Periods of such sentiment have lead to corrections in the past, but will the trend be similar this time? Bitcoin Fear And Greed Index Starts Pointing At Extreme Greed As per the latest weekly report from Arcane Research, the fear and greed index is now pointing at extreme greed as BTC makes a new ATH. The fear and greed index is a Bitcoin indicator that shows what the current crypto market sentiment is. The metric uses a numeric scale that ranges from zero to hundred to display the sentiment. Values below fifty signal that the market is currently sharing fear, while values above it imply investors are becoming greedy. If the indicator’s value goes above 75 or below 25, then it means the market is showing extreme greed or extreme fear, respectively. Periods with extreme values suggest the market could witness a reversal soon. A correction may follow extreme greed values, and a change to uptrend may follow from an extremely fearful market. Related Reading | How Bitcoin Has Performed Compared To Top Stocks Here is where the current Bitcoin fear and greed index needle points at: Looks like the crypto market is seriously greedy at the moment | Source: The Arcane Research Weekly Update - Week 44 As the above meter shows, the current market sentiment is that of extreme greed. This is an increase from last week as the ...
