The panic sentiment in the crypto market is intensifying, and the panic index has dropped to 9

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Odaily Planet Daily reports that, according to Alternative.me data, the crypto market Fear and Greed Index dropped to 9 today, entering the “Extreme Fear” zone, down from 12 the previous day and 16 last week. Data shows that market sentiment has rapidly worsened in the short term, whereas last month the index was still at 42, indicating a “Fear” level.

Note: The panic index threshold is 0-100, including indicators: volatility (25%) + market trading volume (25%) + social media buzz (15%) + market surveys (15%) + Bitcoin’s proportion in the overall market (10%) + Google hot search analysis (10%).

BTC5,65%
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