Crypto investment sentiment still 'Greed'... Fear and Greed Index 71 recorded

Fear And Greed Index Maintaining High Level Of Greed (Source: Alternative)

The Optimistic Sentiment In The Cryptocurrency Market Continues To Follow A Strong Trend. According To The Cryptocurrency Data Provider Alternative, The 'Fear And Greed Index' On July 21 Recorded 71, Down 1 Point From The Previous Day. Although The Value Has Dropped Slightly, It Still Remains In The ‘Greed’ Zone.

The Fear And Greed Index Is An Indicator That Quantifies The Investment Sentiment Of The Market, Meaning Extreme Fear The Closer To 0, And Extreme Greed The Closer To 100. This Index Is Calculated By Comprehensively Reflecting Volatility (25%), Trading Volume (25%), Social Media Mentions (15%), Surveys (15%), Bitcoin Market Cap Dominance (10%), Google Search Volume (10%), Etc.

The Fact That The Index Remains Above 70 Suggests That The Expectations For Cryptocurrencies Among Investors Are Still Strong. However, Some Voice Concerns Over Market Overheating, As Well Urging Caution Regarding The Possibility Of Short-Term Adjustments.