COINOTAG News reported on October 7 that Alternative Data places the cryptocurrency fear and greed index at 70, a level classified as Greed. The index, scaled 0–100, synthesizes six weighted components—volatility (25%), market trading volume (25%), social media hype (15%), market surveys (15%), Bitcoin’s dominance (10%) and Google Trends analysis (10%)—to gauge prevailing market sentiment. A 70 reading indicates elevated investor confidence; institutional and retail participants should consider this indicator alongside liquidity metrics and risk management frameworks rather than as a sole basis for trading decisions.
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