Bitcoin Leads Crypto Markets as Fear and Greed Index Edges Up to 22 from 20, Signaling Extreme Fear

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 reports, citing alternative data, that the Fear and Greed Index for cryptocurrencies advanced to 22 on December 9, up from 20, underscoring that market sentiment remains in extreme fear. The 0-100 scale consolidates multiple indicators to gauge risk appetite in the crypto market.

The index is calculated from six components with specified weights: Volatility and Market Volume each at 25%, Social Media Hype 15%, Market Surveys 15%, Bitcoin’s dominance 10%, and Google Trends 10%. In this reading, the composition suggests that risk-off sentiment persists, guiding institutional participants to cautious positioning and disciplined risk management as valuation and on-chain signals remain subdued.