Crypto Fear & Greed Index drops to 30, sliding from neutral into fear
- —Index lost 21 points in a day, from 51 to 30
- —A reading of 30 sits in the fear zone
- —Index weighs volatility, volumes, social media and BTC dominance
- —The 21-point drop does not mean BTC fell 21%
Why it matters: A sharp sentiment deterioration often precedes capitulation or marks a local bottom, so traders watch for an index reversal.
Source: TokenPost