Bitcoin’s Fear and Greed Index Stays In “Greed Zone” For 13 Straight Days — Can BTC Sustain The Bull Run?

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Bitcoin’s Fear and Greed Index Stays In “Greed Zone” For 13 Straight Days — Can BTC Sustain The Bull Run?

Bitcoin has entered the greed zone with the Fear and Greed Index at a 10-month high of 61, signalling a strong bullish sentiment.  The recent change in investors’ sentiments comes following BTC’s price surge this year after months in the red zone. Experts share their opinions on the feasibility of BTC sustaining its recent price and how investors can predict if it is another bull trap. 

After several months of fear around the prices of digital assets, investors are now beginning to look more confident in the prospects of Bitcoin (BTC) and other assets following price surges in the past two weeks.

Bitcoin’s Fear and Greed Index reached a 10-month high as it tapped 61 over the weekend, signalling a strong bullish sentiment in the market. As of Dec 2022, the index was at 25 showing intense fears from investors in the aftermath of the FTX implosion.

Larian menaik dalam pasaran baru-baru ini mendorong indeks kepada 52 pada 15 Jan, jauh daripada zon ketakutan, dan ia terus meningkat sejak itu. Indeks yang mencecah zon neutral adalah kali pertama ia melarikan diri daripada ketakutan wilayah dalam tiga suku.

BTC kini bertukar tangan pada $23,005 pada masa penulisan, menunjukkan kenaikan harga lebih 40% sejak awal tahun. Lonjakan itu juga telah direkodkan dalam aset digital lain, dengan altcoin terkemuka, Ethereum (ETH), juga mencatatkan keuntungan yang sama.

Bitcoin’s Fear and Greed Index optimizes social signals from various sources to determine the current market sentiment hovering around the asset. These signals to several traders indicate BTC going bullish (investors have gone greedy) or bearish ( investors are in fear). The index is made up of scores from 0-100, ranging from Extreme fear (Orange) to Extreme Greed (Green).

Bolehkah BTC mengekalkan larian lembu? 

While the metric indicates that bulls are gearing up for another run, some commentators are still sceptical about the sustainability of such hopes. With a price of $23,005, Bitcoin has definitely made tremendous gains after the FTX saga, which saw it trade below $17,000.

Carta BTCUSD oleh TradingView

Jika BTC dan aset digital lain sedang berjalan, faktor utama ialah pengurangan angka inflasi dan kadar faedah. Inflasi tahun lalu dan faktor makroekonomi yang lebih luas membawa kepada penurunan dalam pasaran mata wang kripto selepas beberapa Bank Pusat menaikkan kadar faedah untuk mengekang inflasi.

Berita baiknya ialah berbilang kerajaan merekodkan angka inflasi yang merosot yang menandakan pemulihan dalam pasaran aset digital, tetapi kemungkinan larian lembu atau perangkap lembu jantan masih kekal dalam keseimbangan. 

Sumber asal: ZyCrypto