Crypto 'Fear-Greed Index' at 81... Extreme greed remains

Crypto data provider Alternative's self-assessed "Fear-Greed Index" fell one point from the previous day to 81. The extreme greed phase continues. The index indicates extreme fear in the market when it is close to zero, and extreme optimism when it is close to 100. The Fear Greed Index is calculated based on volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), bitcoin market cap (10%) and Google searches (10%).

It may be unusual. The day before, bitcoin hit its ATH in three shots, and based on historical norms, we expected to see the top of the Fear Greed Index in the high 80 or low 90. However, the fact that the index came in slightly lower than the day before, with a weak consolidation, is significant.