According to Coinglass data cited by ChainCatcher, the Crypto Fear and Greed Index currently stands at 21, down 1 point from the previous day. The 7-day average is 16, while the 30-day average is 15. Although the latest reading is slightly above both short-term and monthly averages, overall market sentiment remains weak and risk appetite is still subdued. The data suggests a modest improvement from recent lows, but not a broad-based recovery in sentiment.
Latest reading in crypto market sentiment
According to Coinglass data cited by ChainCatcher, the Crypto Fear and Greed Index is currently at 21, down 1 point from the previous day. On an absolute basis, the reading still points to a weak sentiment backdrop, indicating that market risk appetite remains limited.
Comparison with 7-day and 30-day averages
The 7-day average stands at 16, while the 30-day average is 15. Compared with these reference levels, the current reading of 21 is slightly higher, suggesting that sentiment has improved marginally from recent depressed levels. Even so, the broader mood in the crypto market remains cautious rather than constructive.
Source and reference
The figures are from Coinglass, with the update published by ChainCatcher. Source URL: https://www.chaincatcher.com/newsflash/2274903
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