​​Extreme fear among investors: sellers dominate

Fear and greed index is an indicator that reflects the moods of market participants, where zero value means "extreme fear", and the value of 100 represents "extreme greed".

The decline in the Bitcoin price turned the indicator into a red zone, but the situation has slightly improved: yesterday the fear index was equal to 15.

Factors are taken into account in the index: market volatility, market volume, social networks (analysis of Twitter posts), surveys, dominance, Google Trends.

Apparently, the combination of such factors as unjustified expectations from the launch of Bakkt, the drop in hashing speed, which frightened investors, the dependence of the Bitcoin price on the timing of execution of futures contracts, technical indicators and panic that came to the market, had a strong impact on the behavior of investors.

It is too early to announce the panic-sale, but it is obvious that the seller prevails in the market.