• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
  • Bitcoin Casino ReviewsTry
No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
  • Bitcoin Casino ReviewsTry
No Result
View All Result
NewsBTC
No Result
View All Result
Bitcoin
Nexo Logo

When Greed? Bitcoin Market Crushed Under One Full Month Of Fear

Hououin Kyouma by Hououin Kyouma
2 months ago
in Bitcoin
Reading Time: 3 mins read
Advertisement

Data shows the Bitcoin market has been stuck in a state of extreme fear since the 5th of May, meaning this run of bottom sentiment has gone on for more than a full month now.

Bitcoin Fear And Greed Index Continues To Point At An Extremely Fearful Market

According to the latest weekly report from Arcane Research, the crypto market is currently going through its longest run of extreme fear since the COVID crash back in 2020.

The “fear and greed index” is an indicator that tells us about the general investor sentiment in the Bitcoin and wider crypto market.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

The metric uses a numeric scale that goes from one to hundred for displaying this sentiment. When the value of the index is less than fifty, it means investors are fearful at the moment.

Related Reading | Glassnode: Bitcoin Long-Term Holders Own 90% Of Supply In Profit

On the other hand, values of the indicator above the threshold imply that investors currently share a sentiment of greed.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

Values towards the end of the range of below 25 and above 75 indicate sentiments of extreme fear and extreme greed, respectively.

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

Bitcoin Fear And Greed Index

Read our comparison of 50 different crypto casinos. Find out who has most generous bonuses, best UX, knowledgeable customer support and best provably fair games.
The value of the metric seems to have been very low recently | Source: Arcane Research's The Weekly Update - Week 22, 2022

As you can see in the above graph, the Bitcoin fear and greed index is showing a value of 15 right now, suggesting that the general sentiment is that of extreme fear.

These low values of the metric have now been there for more than a month now. Such a long streak last occurred following the COVID crash two years ago. Then, the run lasted for 48 consecutive days before the sentiment saw any improvement.

Related Reading | Crypto Investors Find Safety In Stablecoins, Bitcoin, Ditch Altcoins En Masse

Historically, bottoms have tended to form during periods of extreme fear, while tops have occurred during extreme greed.

Because of this, some investors believe the former periods provide ideal buying opportunities for Bitcoin, while the latter could be fitting selling points.

The trading technique that follows this idea is called contrarian investing. Warren Buffet’s famous quote encapsulates it best:

Be fearful when others are greedy, and greedy when others are fearful.

If this philosophy is anything to go by, then the current sentiment may mean now could be the time to buy Bitcoin.

At the moment, it’s unclear how long this streak of extreme fear will last. It could be as long or longer than the last one, or the sentiment may soon see an uplift.

BTC Price

At the time of writing, Bitcoin’s price floats around $30.4k, down 3% in the past week.

Bitcoin Price Chart

Looks like the value of BTC has jumped back above $30k | Source: BTCUSD on TradingView
Featured image from Unsplash.com, charts from TradngView.com, Arcane Research
Tags: bitcoinBitcoin Fear And Greed Indexbtcbtcusd
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Hououin Kyouma

Hououin Kyouma

Loves to write, enthusiastic about cryptocurrency. Currently studying Physics at university.

Related Posts

Bitcoin Still Very Bearish, Says Peter Schiff

Bitcoin Still Very Bearish, Says Peter Schiff

20 hours ago
Bitcoin Funding Rates Remain Positive As Bullish Sentiment Continues

Bitcoin Funding Rates Remain Positive As Bullish Sentiment Continues

21 hours ago
Bitcoin

Quant Explains How Bitcoin NUPL Cycles Are Getting Less Volatile With Time

2 days ago
Taro Taro Taro

Lightning Speed: Taro Wants To Abolish Cross-Border Payments, Disrupt The Market

3 days ago
Bitcoin Is An alternative To Economic Condition, Says CEO Of Franklin

Bitcoin Is An alternative To Economic Condition, Says CEO Of Franklin

4 days ago
Bitcoin Bear

Bitcoin Bearish Signal: Whales With 1k-10k BTC Depositing To Exchanges

4 days ago

Premium Partners

Top Brokers

PrimeXBT

PrimeXBT

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
7BitCasino

7BitCasino

Review · Visit
Punt Casino

Punt Casino

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bspin

Bspin

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit

Investors Should Buy These Cryptos Today: Uniglo (GLO), Bitcoin (BTC) And Fantom (FTM)

August 16, 2022

Gnox (GNOX) Causing Polygon (MATIC) And Avalanche (AVAX) Investors To Bridge Over After Presale 100% Sold

August 16, 2022

The “4 games – 1 token” project Kingdom Quest announcing IDO and Mainnet

August 16, 2022

Nukplan (NKPL) Is Now Available for Trading on LBank Exchange

August 16, 2022

Blockchain ACGN Game NEO FANTASY, Rising Star Of Gamefi!

August 16, 2022

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.

COMPANY

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

Technical Analysis

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

LINKS

Crypto Prices from Nomics

Cryptocurrency news

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

© 2021 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play Games
  • Bet & Win
  • Bitcoin Casino Reviews

© 2021 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.