According to BlockBeats, on October 2, data from Alternative indicates that the cryptocurrency Fear and Greed Index has dropped to 42 from 50 the previous day. This shift marks a change in market sentiment from 'neutral' to 'fear.'

The Fear and Greed Index, which ranges from 0 to 100, is composed of several indicators: volatility (25%), market trading volume (25%), social media activity (15%), market surveys (15%), Bitcoin's dominance in the market (10%), and Google Trends data (10%). This index is used to gauge the overall sentiment of the cryptocurrency market, with lower values indicating fear and higher values indicating greed.