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Coin Edition 2024-12-27 10:10:00

Fear and Greed Index at Neutral: What to Expect After 500M USDT Transfer

Over 500 million USDT tokens were transferred to Binance. The Fear and Greed Index has fallen to 54 on Friday from 63 on Thursday. Bitcoin is expected to reach its final peak for this cycle in mid-January. The Crypto Market Fear and Greed Index currently reads 54, indicating a neutral sentiment among investors. This reflects an even balance between buyers and sellers as many traders take profits following Bitcoin’s recent rally. Over the last 24 hours, BTC faced rejection near the $100,000 level, with investors now focusing on the continuation of the bull run in 2025. As per CoinMarketCap data , the Fear and Greed Index has declined from 63 (Greed) on Thursday and a peak of 85 (Extreme Greed) last month. The yearly high for the Index stood at 92 on March 12. In the past day, Bitcoin rebounded from its daily low of $95,137.89 and attempted to surpass $100,000, but the attempt failed. At the time of writing, BTC trades at $96,224.31. Whale Activity May Influence Market Sentiment It is important to note that Neutral sentiment could shift, as 500 USDT tokens were transferred to Binance from an unknown wallet, according to Whale Alert on X (formerly Twi… The post Fear and Greed Index at Neutral: What to Expect After 500M USDT Transfer appeared first on Coin Edition .

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