The CoinMarketCap Fear and Greed Index, which measures investor sentiment in the cryptocurrency market, fell by 1 point from the previous day to 69. Despite the limited decline in the index, market sentiment remained in the “greed” zone.
The indicator, created by CoinMarketCap, measures the overall market attitude of cryptocurrency investors by combining different data points. An index near zero indicates a strengthening of “extreme fear” in the market, while an index near 100 suggests “extreme optimism” or a strong tendency towards greed.
The latest data showing the index at 69 indicates that investor risk appetite for crypto assets remains high, while the 1-point daily drop suggests a limited weakening in sentiment.
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CoinMarketCap calculates its index by considering the price movements of the 10 largest cryptocurrencies by market capitalization. Market volatility is also among the key indicators used in the calculation.
In addition, data from derivative markets are also included in the index. In this context, the put/call ratio in the options market stands out as one of the indicators used to evaluate investors’ expectations of price increases and decreases.
The calculation also utilizes the stablecoin supply ratio (SSR). Search data from CoinMarketCap’s own platform is also included as a component of the index to measure investor interest.
The index falling to 69 indicates a slight weakening of sentiment in the crypto market, but the overall outlook remains in the greed zone.
*This is not investment advice.