Bitcoin Fear and Greed Index Drops to 60 on Oct 8 — Market Still in “Greed”

COINOTAG News on October 8, citing Alternative Data, reports the Fear and Greed Index for cryptocurrency at 60 (yesterday: 70), indicating that aggregate market sentiment remains in a Greed zone. The index is scored on a 0–100 scale to quantify investor risk appetite and serves as a contemporaneous barometer of sentiment rather than a predictive pricing tool.

The composite reading is constructed from a weighted set of metrics: Volatility (25%), Market Trading Volume (25%), Social Media Hype (15%), Market Surveys (15%), Bitcoin’s Dominance (10%), and Google Trends Analysis (10%). Institutional analysts and risk managers typically use this index as one input among many for portfolio positioning and liquidity assessment, not as a standalone trading signal.