Bitcoin Dominates Market as Panic Index Reaches New Heights

BTC

BTC/USDT

$71,354.77

+3.55%

$71,354.77

+3.55%

(24s)

24h Volume

$17,366,629,629.18

24h H/L

$71,554.95 / $68,531.50

Change: $3,023.45 (4.41%)

Long/Short

65.5%

Long: 65.5%Short: 34.5%

Funding Rate

-0.0023%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$71,351.87

▲ 2.98%

Volume (24h): -

Resistance Levels

Resistance 3$79,008.03

Resistance 2$75,548.63

Resistance 1$72,179.52

Price$71,351.87

Support 1$70,589.27

Support 2$67,300.00

Support 3$62,909.86

Pivot (PP):$70,598.27

Trend:Downtrend

RSI (14):35.3

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.