Market sentiment has sharply deteriorated, with the greed index dropping to a low point. According to the latest data from Coinglass, the current crypto market greed index is only 11, down 2 points week-over-week, creating an extreme panic atmosphere. Recent performance has been even worse: the 7-day moving average hovers around 14, and the 30-day moving average has also fallen to 28. This set of data fully reflects the rapid shift in investor sentiment, and the market has entered a deep pessimistic zone. A low greed index typically indicates a buying opportunity, but it may also mean more room for risk to be released.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Market sentiment has sharply deteriorated, with the greed index dropping to a low point. According to the latest data from Coinglass, the current crypto market greed index is only 11, down 2 points week-over-week, creating an extreme panic atmosphere. Recent performance has been even worse: the 7-day moving average hovers around 14, and the 30-day moving average has also fallen to 28. This set of data fully reflects the rapid shift in investor sentiment, and the market has entered a deep pessimistic zone. A low greed index typically indicates a buying opportunity, but it may also mean more room for risk to be released.