Today’s Fear and Greed Index Drops to 71, Still Classified as Greed
According to Jinse Finance, today’s Fear and Greed Index has dropped to 71, which still falls under the “Greed” category. Note: The Fear and Greed Index ranges from 0 to 100 and is calculated based on the following indicators: volatility (25%), market trading volume (25%), social media sentiment (15%), market surveys (15%), Bitcoin’s dominance in the overall market (10%), and Google search trend analysis (10%).
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MoreEmma Moriarty, portfolio manager at CG Asset Management: The slight liquidity caused by the long weekend in the US and the Spring Festival has created a challenging technical backdrop, and geopolitical risk sentiment has also spread to the market.
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