CryptoNomics
The crypto market in December seems very contradictory. On one hand, retail investors are scared stiff; on the other hand, some are buying aggressively.
Let's start with market sentiment. In mid-December, the Fear and Greed Index dropped directly from 29 to 23, entering the "Extreme Fear" zone. What does this mean? It's roughly similar to the feeling during the 2022 bear market. This index isn't randomly calculated; it considers market volatility, trading volume, social engagement, and other six major indicators. When combined, a reading of 23 indicates that market sentiment has bottomed out.
View OriginalLet's start with market sentiment. In mid-December, the Fear and Greed Index dropped directly from 29 to 23, entering the "Extreme Fear" zone. What does this mean? It's roughly similar to the feeling during the 2022 bear market. This index isn't randomly calculated; it considers market volatility, trading volume, social engagement, and other six major indicators. When combined, a reading of 23 indicates that market sentiment has bottomed out.