Bitcoin Dominates Market as Panic Index Reaches New Heights

BTC

BTC/USDT

$71,336.87

-6.79%

$71,336.87

-6.79%

(24s)

24h Volume

$44,848,329,419.30

24h H/L

$76,617.73 / $70,140.00

Change: $6,477.73 (9.24%)

Long/Short

77.9%

Long: 77.9%Short: 22.1%

Funding Rate

+0.0019%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$70,942.95

▼ -3.04%

Volume (24h): -

Resistance Levels

Resistance 3$76,971.52

Resistance 2$74,594.61

Resistance 1$71,474.71

Price$70,942.95

Support 1$70,140.00

Support 2$66,407.06

Support 3$58,306.99

Pivot (PP):$71,474.71

Trend:Downtrend

RSI (14):20.9

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.