Greed Spikes To Seven-Month High Alongside Record Crypto Prices

Data shows greed in the crypto market has spiked to seven-month highs as coins record new all-time highs (ATHs). Crypto Fear And Greed Index Points At Extreme Greed As per the latest weekly report from Arcane Research, the fear and greed index has recorded seven-month highs as the needle points at extreme greed. The “fear and greed index” is an indicator that represents the general sentiment of the crypto market on a numeric scale that goes from 0 to 100. When the metric has values below 50, it means there is, on average, fear among investors. Values lower than 25 denote extreme fear. Such a sentiment is usually seen after big corrections, and periods of extreme fear may prove to be good buying opportunities. While the needle pointing above 50 means the crypto market is starting to get greedy. Extreme greed occurs when values exceed 75. Very high values near 100 may mean there will be a correction soon so investors may not buy more at this point. Here is a meter that shows what the current market sentiment is: The fear and greed index seems to be pointing at extreme greed at the moment | Source: The Arcane Research Weekly Update - Week 42 As the above meter shows, the crypto market looks to be extremely greedy right now as the value of the indicator stands at 76. Related Reading | Bitcoin Funding Rates Touch Same Level As Early September, More Correction To Come? Comparison with last week’s and last...