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Market sentiment suddenly reverses, with the crypto fear index soaring to 61 in one day.
【Blockchain Rhythm】The crypto market has sent an interesting signal today—the Fear and Greed Index jumped directly from 48 yesterday to 61, a 180-degree turnaround. What does this mean? Market sentiment has completely reversed, shifting from extreme pessimism with an average of 28 last week to a state of “greed.”
This index is not made up out of thin air. It combines data from six major dimensions: volatility (the largest at 25%), trading volume (also 25%), social media buzz (15%), market surveys (15%), Bitcoin’s market share (10%), and Google search trends (10%). In other words, this index covers comprehensive information from technical, capital, and emotional perspectives.
A jump from 48 to 61 within a day reflects a rapid change in market participants’ mindset. Whether it’s new funds flowing in or key events catalyzing the shift, such steep reversals often indicate that the market is experiencing an important turning point. For traders, this transition point is worth paying close attention to.