💠The Bitcoin Fear and Greed Index - 79. Extreme Greed.📈

⚠️What is this index and how is it formed🤔

The Fear and Greed Index for Bitcoin and other cryptocurrencies measures market investor sentiments, relying on various data sources. It ranges from 0 (extreme fear 😰) to 100 (extreme greed🫤). The data is categorized according to certain criteria, with the importance of each criterion determined by its percentage impact on the index:

- Volatility (25%) - comparison of the current value against the average value over a period

- Trading Volume (25%) - comparison of the current trading volume against historical data

- Social Media (15%) - analysis of sentiments in social media

- Surveys (15%) - results from surveys of active investors and traders

- Market Dominance (10%) - changes in Bitcoin's market dominance

- Google Trends (10%) - analysis of Google search queries

Any excessively greedy people here?💲💰