According to ChainCatcher, data from Alternative.me shows that the Crypto Fear and Greed Index remains at 12 today, indicating that the market is still in a state of "Extreme Fear." The index ranges from 0 to 100, with lower values representing higher fear: 0 signifies extreme fear and 100 signifies extreme greed.
The Fear and Greed Index is composed of six weighted indicators: Volatility (25%) gauges market uncertainty through price fluctuations; Market Volume (25%) monitors trading activity on exchanges; Social Media (15%) tracks discussion frequency on major platforms; Surveys (15%) collects investor sentiment poll results; Bitcoin Dominance (10%) analyzes the flow of funds towards Bitcoin or altcoins; and Google Trends (10%) evaluates changes in search interest for related keywords.
The index value has not changed from the previous day, suggesting that the extreme fear sentiment in the market has not yet eased.