Bitcoin Fear and Greed Index at 29 on October 31 as Market Sentiment Remains in Fear

COINOTAG News, citing Alternative Data, notes that on October 31 the cryptocurrency Fear and Greed Index stands at 29, down from 34 yesterday, signaling a continued Fear mindset across the market.

The Fear and Greed Index ranges 0-100 and aggregates six drivers: Volatility (25%), Market Trading Volume (25%), Social Media Hype (15%), Market Surveys (15%), Bitcoin Dominance (10%), and Google Trends Analysis (10%).

As risk sentiment cools near the lower end of the scale, traders may prioritize risk controls and liquidity management as the indicator remains in the Fear band, implying selective exposure and cautious positioning for near-term liquidity planning.