Crypto traders and investors can use sentiment indexes to gauge the market and inform their decisions on whether conditions favor buying or selling.
The Crypto Fear & Greed Index, a metric tracking crypto investor sentiment, has registered a “greed” score for the first time since the $19 billion October liquidation event that sent traders running from altcoins.
In an update on Thursday, the index returned a rating of 61, reflecting better overall sentiment after weeks of “fear” and “extreme fear.” The index climbed to 48 just a day before, putting it within the “neutral” zone.
Crypto investor sentiment plunged on Oct. 11 following the liquidation of $19 billion from crypto markets. In the aftermath, the index returned some of its lowest ratings ever, hitting low double digits several times in November and December.
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