The Crypto Fear and Greed Index came in at 65 on Oct. 4, according to data from Alternative, down from 67 a day earlier. The reading indicates that the market remains in "Greed" territory, though sentiment has eased compared with the previous day. The index is measured on a 0-to-100 scale and tracks several inputs used to gauge market mood. These include volatility, which accounts for 25% of the score, and market trading volume, also weighted at 25%. Social media activity and market surveys each make up 15%, while Bitcoin’s share of the overall market and Google search trend analysis each account for 10%.
According to BlockBeats, citing Alternative data on Oct. 4, the Crypto Fear and Greed Index stood at 65, down from 67 the previous day, showing that market "Greed" has cooled.
The index uses a 0-100 scale and includes the following components:
- Volatility: 25%
- Market trading volume: 25%
- Social media activity: 15%
- Market surveys: 15%
- Bitcoin’s share of the overall market: 10%
- Google search trend analysis: 10%
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