Gate News message, April 23 — The cryptocurrency Fear and Greed Index, a key sentiment indicator, has risen to 61 points according to the latest data, up 4 points from the previous day and entering the “greed” zone. The index, which ranges from 0 to 100 (with 0 signifying “extreme fear” and 100 indicating “extreme optimism”), reflects an increase in investor risk appetite and strengthening positive market expectations.
The index is calculated using multiple data sets, including price movements of the top 10 crypto assets by market capitalization, overall market volatility, put/call ratios in derivative markets, stablecoin supply ratio (SSR), and search interest metrics. The current reading of 61 suggests that investor confidence is gradually recovering and optimism is regaining strength in the crypto market.
Analysts note that while rising sentiment can signal short-term market strength, excessive optimism may increase correction risks. Investors are advised to monitor sentiment indicators alongside macroeconomic developments and technical analysis to make informed decisions.
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