Crypto market sentiment is high today, with the Fear and Greed Index soaring to 84, further up from yesterday's 78, and continuing to remain in the "extreme greed" state. 📈
The index is composed of multiple factors, including market volatility and trading volume, each accounting for 25%, social media popularity and market research, each accounting for 15%, and Bitcoin market share and Google hot word analysis, each accounting for 10%. Together, these indicators reflect the overall sentiment of the market. 🤔
Although a high greed index may indicate short-term optimism in the market, investors still need to remain cautious and avoid blindly following the trend. Market sentiment changes rapidly, and rational decision-making is king. 💡