Bitcoin Dominates Market as Panic Index Reaches New Heights

BTC

BTC/USDT

$70,030.75

-1.56%

$70,030.75

-1.56%

(24s)

24h Volume

$20,935,947,355.57

24h H/L

$72,026.09 / $69,855.73

Change: $2,170.36 (3.11%)

Long/Short

69.8%

Long: 69.8%Short: 30.3%

Funding Rate

+0.0034%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$68,847.32

▼ -3.49%

Volume (24h): -

Resistance Levels

Resistance 3$72,762.87

Resistance 2$70,783.20

Resistance 1$68,918.22

Price$68,847.32

Support 1$67,440.97

Support 2$65,618.49

Support 3$62,909.86

Pivot (PP):$69,479.05

Trend:Downtrend

RSI (14):46.2

According to COINOTAG news on September 17, recent alternative data highlights a significant shift in the cryptocurrency market. The crypto panic and greed index has dropped to 33 today from 39 yesterday, indicating a rise in market panic. This crucial index, which ranges from 0 to 100, measures market sentiment through various indicators, including volatility (25%), market trading volume (25%), social media activity (15%), market research (15%), Bitcoin’s market dominance (10%), and Google trend analysis (10%). The decline in the index is a clear sign of intensified market fear and caution among investors.