• Advertise
  • Submit a Press Release
  • About Us
NewsBTC
Bitcoin & cryptocurrency news
Sensei Inu Logo
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
    • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Win 8.88 BTCTry
  • Play Casino GamesTry
  • Play FinanceTry
No Result
View All Result
Breaking News: Fed Holds Interest Rates Steady, Bitcoin Awaits Trend Reversal Above $27,000
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
    • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play GamesTry
  • Win 8.88 BTCTry
  • Play Casino GamesTry
  • Play FinanceTry
No Result
View All Result
Bitcoin News
No Result
View All Result
Breaking News: Fed Holds Interest Rates Steady, Bitcoin Awaits Trend Reversal Above $27,000
Sensei Inu Logo

Will October Bring Fearfulness To Crypto For 200 Straight Days?

Hououin Kyouma by Hououin Kyouma
1 year ago
in Crypto
Reading Time: 3 mins read

Data shows the crypto market has been fearful for 171 days already, will the streak continue in October and reach 200 days?

Crypto Fear And Greed Index Points At An Extremely Fearful Market

As per the latest weekly report from Arcane Research, the crypto market has been continuing to show a fear sentiment since April of this year.

The “fear and greed index” is an indicator that measures the general sentiment among investors in the cryptocurrency market.

For representing the sentiment, the metric makes use of a numeric scale that runs from zero to hundred. All values of the index greater than 50 imply the market is greedy, while those below the threshold suggest fearful investors.

In these main sentiments, there are two zones that have historically been particularly important for prices of coins like Bitcoin. These are the “extreme greed” and “extreme fear” regions and they occur at values greater than 75 and below 25, respectively.

Related Reading: Get Forked: Ethereum PoW Forks Fall 66% In Just Days

The relevance of the extreme sentiments is that tops have usually taken place in the former type of periods, while bottoms have formed in the latter ones.

Now, here is a chart that shows the trend in the crypto fear and greed index over the last year:

Crypto Fear And Greed Index

The value of the metric seems to have gone down in recent days | Source: Arcane Research's The Weekly Update - Week 37, 2022

As you can see in the above graph, the crypto fear and greed index recently observed a small surge as the Ethereum merge came around, but as soon as the investors realized it was a sell-the-news event, the sentiment dropped back down sharply.

Two days ago, when the report came out, the indicator had a value of 23, which would suggest extremely fearful mentality. Since then, it hasn’t budged much as today’s value is still 22.

Related Reading: Bitcoin Falls Under High Selling Pressure, What Will Shoot Its Price?

The crypto market has been in a state of fear since the month of April, making it a continuous run of such sentiment for 171 days now.

Back during the relief rally in August, the indicator came the closest to escaping from this region and ending what has become the longest streak of fear in the history of the index. However, before investors could embrace greed, the rally ended and the sentiment immediately plunged down.

Currently, it’s unclear when the run would finally come to an end. If it keeps on and runs through October, crypto investors would have observed 200 days of fear.

BTC Price

At the time of writing, Bitcoin’s price floats around $19.2k, down 5% in the last seven days. Over the past month, the crypto has lost 10% in value.

Bitcoin Crypto Price Chart

Looks like the price of the coin has been mostly moving sideways in the last few days | Source: BTCUSD on TradingView
Featured image from Thought Catalog on Unsplash.com, charts from TradingView.com, Arcane Research
Tags: cryptoCrypto Extreme FearCrypto Fearcrypto fear and greed indexcryptocurrency
Tweet123Share196ShareSend
Hououin Kyouma

Hououin Kyouma

Kyouma is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Kyouma has been writing for many years, first as a hobbyist and later as a freelancer. He obtained a bachelor's in physics in 2022 and is planning on starting a master's in the same field in the near future. Kyouma is enthusiastic about the cryptocurrency industry and holds an active interest in on-chain analysis. His hobbies include gaming, anime, and football. You can find Kyouma on Twitter at @Kyouma29.

Related Posts

Crypto

Analyst Presents 4 Charts That Prove Crypto Is Not Dead

6 hours ago
Crypto market Bank CEO

Why This Bank CEO Wants 99% Of The Crypto Industry Gone

5 days ago
Crypto SEC

What The SEC’s Latest Announcement Means For The Crypto Industry

1 week ago
Grayscale

Grayscale CEO Highlights US Opportunity To Lead Crypto Space Through Regulation

1 week ago
Cryptoqueen lawyer OneCoin

Lawyer Involved In Cryptoqueen’s OneCoin Scam Receives Shocking Response From Court

1 week ago
Crypto outflows

New Reports Shows How Much Capital Was Pulled Out Of Crypto In August

2 weeks ago

Premium Partners

Play Finance

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Trust Dice

Trust Dice

Review · Visit
mBit

mBit

Review · Visit

Press Releases

  • The Rise of Bitcoin Spark: How It Challenges the Dominance...

    3 hours ago
  • Microsoft AI Picks Tradecurve Markets (TCRV), Terra Classic...

    4 hours ago
  • Bulls Are All In For Everlodge (ELDG), Why Are Litecoin...

    4 hours ago
  • Discover Tradecurve Markets (TCRV): The Solution to Stellar...

    4 hours ago
  • Index CFDs: Experts Have Conducted A Comprehensive Study In...

    6 hours ago

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2023 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
    • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Play Games
  • Win 8.88 BTC
  • Play Casino Games
  • Play Finance

© 2023 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.