Bitcoin-Driven Neutral Market: Fear and Greed Index Hits 50 on October 28 — BlockBeats News

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

COINOTAG News, reporting on October 28, with the latest Alternative Data, notes that the Fear and Greed Index stands at 50 today, up from 34 a week earlier, signaling a Neutral crypto market sentiment for traders and institutions alike.

The index uses a 0-100 scale and compiles six indicators: Volatility (25%), Market Volume (25%), Social Media Activity (15%), Market Survey (15%), Bitcoin’s Dominance (10%), and Google Trends Analysis (10%).

This mid-range reading encourages measured exposure and disciplined risk management, as investors weigh data-driven signals over headlines to guide positioning.

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