Bitcoin Remains in Fear as Fear and Greed Index Holds at 28 on December 5

COINOTAG News, December 5, citing Alternative Data, reports that the Fear and Greed Index for the cryptocurrency market sits at 28, up from 26 yesterday, signaling a continued Fear sentiment among traders. The gauge serves as a sentiment thermometer for risk appetite, price volatility, and liquidity dynamics across digital assets.

The Fear and Greed Index is benchmarked on a 0-100 scale and aggregates six drivers: volatility (25%), market volume (25%), social media hype (15%), market surveys (15%), Bitcoin dominance (10%), and Google Trends analysis (10%).

For portfolio managers and traders, the current reading supports cautious positioning and a bias toward defensive assets, with near-term moves guided by macro data releases and on-chain activity rather than speculative bets.