Cryptocurrency panic and greed index dropped to 23, close to the lowest point since August
On September 7, according to Alternative data, the cryptocurrency panic and greed index was 23 today and 22 yesterday. The market sentiment was extremely panic, and the past two days were the lowest point in the past 30 days.
Note: The panic index threshold is 0-100, including indicators: volatility (25%) + market trading volume (25%) + social media heat (15%) + market research (15%) + Bitcoin's proportion in the entire market (10%) + Google hot word analysis (10%).
