🆘🚨 Greed and Fear Index remains below 30 for the seventh day in a row 🆘🚨

📉The greed and fear index is one of the important indicators to evaluate market psychology.

It is compiled from several indicators: volatility (25%), market trading volume (25%), social media heat (15%), market survey (15%), ratio Bitcoin overall market (10%) and Google hot words analysis (10%). These factors together provide a comprehensive view of market sentiment.

🕛According to BlockBeats, data from Alternative indicates that the cryptocurrency fear and greed index stood at 29 on July 11, up slightly from 28 the previous day. This index has continuously remained below 30 for a week, showing that panic is spreading in the market.

Greed and fear levels below 30 indicate high levels of fear or panic among investors, potentially leading to sell-offs. Conversely, a score above 70 indicates a high level of greed, which can lead to compulsive shopping. This index serves as a tool for investors to evaluate the emotional state of the market and make informed decisions accordingly. $BTC