Crypto 'Fear-Greed Index' at 83...Extreme greed persists, BTC longs sell off.
Crypto data provider Alternative's self-estimated “Fear-Greed Index” fell seven points from the previous day to 83. The extreme greed phase persists. The index indicates extreme fear in the market when it is close to zero, and extreme optimism when it is close to 100. The Fear Greed Index is calculated based on volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), Bitcoin market capitalization (10%), and Google searches (10%).
On Nov. 18 (local time), the Glassnode BTC HODLer (long-term holders) net position change indicator fell to a five-month low, according to a report. This means that long-term holders sold $3 billion worth of BTC on that day. This is the largest daily sell-off since June 26th.
