The crypto market is still in an “extreme fear” territory, according to the latest weekly report from Arcane Research.
The current streak of extreme fear is the longest ever, and it couldn’t be broken this week.
The “fear and greed index” is an indicator that measures the general investor sentiment in the crypto market.
The index uses a numeric scale that runs from zero to hundred for displaying this sentiment.
All values of the index greater than fifty imply greed, while those below the threshold suggest fear.
Values of more than 75 and less than 25 towards each end of the range indicate sentiments of “extreme greed” and “extreme fear,” respectively.
The value of the indicator seems to have slumped back down after a rise.
As per the report, the crypto fear and greed had a value of 16 two days ago.
The value is 18 today, slightly more than that.
Nonetheless, both values are firmly inside the extreme fear territory, which means the current record streak of bottom sentiment has continued for 70 days now.