Market sentiment remains in historically rare "extreme fear" territory, with today's greed index dropping back to 7

BlockBeats News, February 20th, according to Alternative data, today's cryptocurrency fear and greed index once again dropped to 7 (down from 9 yesterday), with market sentiment still in the historically rare "extreme fear" zone. Previously, such fear was only seen in June 2022 and August 2019.

Note: The fear index ranges from 0 to 100 and includes the following indicators: Volatility (25%) + Market Trading Volume (25%) + Social Media Hype (15%) + Market Surveys (15%) + Bitcoin's Dominance (10%) + Google Trends Analysis (10%).