Nỗi sợ hãi đang bao trùm thị trường Crypto, liệu bạn có dám tham lam lúc này?

Fear is covering the Crypto market, do you dare to be greedy now?

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After Tesla CEO Elon Musk announced that Tesla company would stop accepting payments in Bitcoin due to environmental concerns, the Bitcoin price then dropped sharply.

On the Binance exchange, BTC price From the threshold of 54,000 USD, it once dropped to 43,000 USD, equivalent to a decrease of more than 15%. Currently, the Crypto Fear and Greed Index is showing a “Fear” condition, which is a sign that traders are showing concern when they see the price of the cryptocurrency. decrease adjustment.

If the FUD is launched and the price falls further, this is a good opportunity to buy.

greed and fear index
Greed and Fear Index

  • Value “0”: Extreme fear
  • Value “100”: Extreme greed

A lower value means more people are scared and want to sell, whereas a higher value means they are greedy and want to buy.

The value around “50” is a normal level, this is when traders are psychologically waiting for a new trend, new signal, to decide to invest.

According to data from Bybt, $2.85 billion worth of trading positions in the crypto derivatives market have been liquidated in the last 24 hours.

The Crypto Fear & Greed Index is showing “extreme fear”. This indicator has become a popular tool for measuring market sentiment, the sentiment of traders — combining factors such as volatility, market dynamics, social media posts and BTC Dominance.

On March 14, 2020, the index dropped to a record low of “8” after the crypto market witnessed one of the most intense dumps, during which BTC plummeted below $4,000.

The index surged to a yearly high of “95” in February 201 shortly after Tesla announced its $1.5 billion purchase of Bitcoin, underscoring the influence Tesla and Elon Musk have on the market. with the Crypto market.

Currently, Bitcoin bulls are still struggling with bears to regain the $50,000 mark after falling below $44,000 earlier today on the Bitstamp exchange.

Legendary investor Warren Buffett once said, “Be greedy when everyone is scared”. And you, are you scared or greedy?

If you do not have a Binance account, register here: https://blogtienao.com/go/binance

See more:

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