Bitcoin Market Sentiment Shifts to Neutral as Panic and Greed Index Hits 50

According to COINOTAG news dated October 1, Alternative data reveals that the cryptocurrency panic and greed index has shifted to 50 today from 61 yesterday. This reflects a change in market sentiment from “greed” to “neutral”. It is essential to note that the panic index, which ranges from 0-100, is derived from a blend of indicators: volatility (25%), market trading volume (25%), social media activity (15%), market research data (15%), the dominance of Bitcoin in the entire market (10%), and Google trends analysis (10%). This composite index provides a comprehensive overview of market dynamics and sentiment shifts, offering valuable insights for investors.