Crypto ‘Fear and Greed Index’ 84... Extreme Greed Continues, Altcoin Season Index 87

The cryptocurrency data provider Alternative's own estimate of the ‘Fear and Greed Index’ rose six points from the previous day to 84. As investor sentiment improved, the extreme greed phase continued. The index indicates extreme fear in the market when it is close to 0 and extreme optimism when it is close to 100. The Fear and Greed Index is calculated based on volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), Bitcoin market cap share (10%), and Google search volume (10%).

Meanwhile, the Altcoin Season Index of the virtual asset comprehensive information platform CoinMarketCap recorded 87 as of 9:30 a.m. Korean time. It has dropped by 1 point compared to the previous day. The Altcoin Season Index is calculated by comparing the price volatility between the top 100 coins by market capitalisation (excluding stablecoins and wrapped coins) and Bitcoin. If the rate of increase of 75% of the top 100 coins is higher than the rate of increase of Bitcoin over the past 90 days, it is considered to be an altcoin season, and vice versa. The closer it is to 100, the more likely it is to be an altcoin season.