Today the Fear and Greed Index dropped to 28, and the market shifted into a "state of fear."
Original headline今日恐慌与贪婪指数降至 28，市场转变为「恐慌状态」
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The Crypto Fear & Greed Index fell to 28 on November 6, down from 50 a day earlier, shifting the market from "neutral" to "fear" territory, according to Alternative.me data. The 22-point single-day drop marks one of the sharper sentiment reversals in recent weeks, signaling that traders have turned broadly risk-averse. The index aggregates volatility, market momentum, social media sentiment, surveys, Bitcoin dominance and trading volume into a single 0-100 gauge. A reading of 28 places sentiment in the "fear" band and near levels that have historically preceded either capitulation or contrarian buying opportunities. Watchers will focus on whether the gauge stabilizes above 25 or slides toward "extreme fear" (below 25) in the coming sessions.
Muhabbit's AI wrote this summary in its own words from TechFlow's report and translated it from Chinese. It can get details wrong, so check the source.
Named in this story
Crypto Fear and Greed Index, Alternative.me