According to COINOTAG news on September 23, Alternative data shows the cryptocurrency panic and greed index is 50 today, down from 52 yesterday, indicating that market sentiment remains neutral. Notably, the panic index ranges from 0-100 and includes several critical indicators: volatility accounts for 25%, market trading volume comprises another 25%, while social media activity and market research each contribute 15%. Additionally, Bitcoin’s market share constitutes 10%, and Google search trends round off the analysis at 10%. This comprehensive approach ensures a balanced understanding of the crypto market landscape.
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