Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»BITCOIN NEWS»Bitcoin ‘Extreme Greed’ Is Coming: Is the Price Bottom Near?
BITCOIN NEWS

Bitcoin ‘Extreme Greed’ Is Coming: Is the Price Bottom Near?

By Crypto FlexsJuly 8, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Bitcoin ‘Extreme Greed’ Is Coming: Is the Price Bottom Near?
Share
Facebook Twitter LinkedIn Pinterest Email

According to data, Bitcoin sentiment is getting close to entering extreme greed territory. Let’s take a look at what this could mean for the cryptocurrency price.

The Bitcoin Fear and Greed Index has been falling steadily recently.

The “Fear and Greed Index” is an indicator developed by Alternative that provides an average sentiment shared by traders in Bitcoin and the broader cryptocurrency markets.

This index determines this sentiment using five factors: volatility, volume, social media, market cap dominance, and Google trends. This indicator uses a numerical scale from 0 to 100 to indicate mentality.

Any indicator value above the 53 mark suggests the presence of greed among investors, while a value below 47 suggests that fear is dominant. The area between these two thresholds is correlated with neutral sentiment.

Now, let me tell you what the current Bitcoin fear and greed index is.

As you can see above, Bitcoin Fear & Greed currently has a value of 28, which means the average investor is showing fear. The level of fear is also quite remarkable, as this current value is quite deep into that area.

In fact, the latest level of this indicator is very close to a special area called “Extreme Fear”. Investors show extreme fear when the index falls below 25. There is a similar area on the greed side, known as “Extreme Greed”, which appears above 75.

In the first half of last month, the indicator was in or close to the latter territory, but the recent market decline has caused sentiment to drop sharply to the opposite end of the spectrum.

Bitcoin Fear & Greed Index

Historically, Bitcoin and other cryptocurrencies have tended to move against what the majority expects. The stronger the crowd’s expectations, the more likely such a move is.

Extreme sentiment is when traders are too biased in one direction. Therefore, major tops and bottoms of an asset are usually formed when the index is in these zones.

Because of this fact, some traders prefer to buy when investors are extremely fearful and sell when they are extremely greedy. This trading philosophy is commonly referred to as “contrarian investing.” A famous quote from Warren Buffett sums up the idea: “Be fearful when others are greedy, and greedy when others are fearful.”

As Bitcoin’s fear and greed index approaches extreme levels of fear, past experience suggests that the cryptocurrency may once again be presenting a profitable entry point.

Bitcoin Price

Bitcoin has yet to recover significantly from its recent crash, with the price still hovering around $56,700.

Bitcoin Price Chart

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin Is An Unreplicable Lifeline In Authoritarian Regimes

June 6, 2025

South Africa central bank insists on the ‘old -fashioned’ exchange control law, which is still valid for encryption regulations.

June 5, 2025

Price prediction of BTC, ETH, XRP, BNB, SOL, DOGE, ADA, Sui, Hype, Link

June 4, 2025
Add A Comment

Comments are closed.

Recent Posts

As the ETF rises, Bitcoin Eye Major Rally -but this can ruin the party.

June 6, 2025

Secure the Treasury in the BNB chain and launch VANECK

June 6, 2025

Use Sunny Mining Cloud Mining to earn $ 12,000 a day

June 6, 2025

Investors are the main level of support of the eyes.

June 6, 2025

Encryption Inheritance Update: April 2, 2025

June 6, 2025

Defi, not MICA II at the front line

June 6, 2025

Improve video content with VEO 3: Comprehensive guide to effective prompt

June 6, 2025

Is the trump Fuel Fuel Dogecoin in ELON Musk less than $ 0.10?

June 6, 2025

The HBAR price aims for $ 0.40 when a big decision of the SEC comes.

June 6, 2025

Why is the ecosystem of the SEI network boom in the second quarter?

June 6, 2025

Why is the ecosystem of the SEI network boom in the second quarter?

June 6, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

As the ETF rises, Bitcoin Eye Major Rally -but this can ruin the party.

June 6, 2025

Secure the Treasury in the BNB chain and launch VANECK

June 6, 2025

Use Sunny Mining Cloud Mining to earn $ 12,000 a day

June 6, 2025
Most Popular

The Dark web data leak is a 100,000 encryption user in a phishing attack.

April 14, 2025

Coinbase donates $25 million to cryptocurrency super PAC Fairshake

June 3, 2024

EF-Supported Teams: Research & Development Update

February 7, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.