Bitcoin Leads Market Sentiment as Fear & Greed Index Hits 70 (“Greed”) — BlockBeats News, October 7

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 reported on October 7 that Alternative Data places the cryptocurrency fear and greed index at 70, a level classified as Greed. The index, scaled 0–100, synthesizes six weighted components—volatility (25%), market trading volume (25%), social media hype (15%), market surveys (15%), Bitcoin’s dominance (10%) and Google Trends analysis (10%)—to gauge prevailing market sentiment. A 70 reading indicates elevated investor confidence; institutional and retail participants should consider this indicator alongside liquidity metrics and risk management frameworks rather than as a sole basis for trading decisions.