BTC hits $53,000, crypto 'fear-greed index' turns 78 extreme greed

BTC hits $52,000. The area is being closely watched for further movement as many bids and offers have been made. OKX USDT In today's slightly lower market, BTC is trading around $52,300. Amidst this, "whales holding between 10,000 and 30,000 BTC are in a fog as they have sold about $1.56 billion worth of 30,000 BTC in the last two days.

Meanwhile, cryptocurrency data provider Alternative's own estimate of the Fear-Greed Index is up 6 points from the previous day to 78. Sentiment has improved, moving from the greedy stage to the extreme greed stage. The index measures extreme fear in the market, with readings closer to zero indicating extreme fear and readings closer to 100 indicating extreme optimism. The Fear Greed Index is calculated based on volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), bitcoin market capitalization (10%), and Google searches (10%).