Market sentiment has plummeted to freezing point, with the Crypto Fear & Greed Index dropping to 12.

BlockBeats news, November 14th - According to Alternative data, today the crypto fear and greed index dropped to 12 (yesterday it was 20), and the market has been in the "extreme fear" zone for consecutive days, with sentiment hitting rock bottom.

The cryptocurrency market is driven by sentiment. When prices rise, greed dominates the market; when prices fall, fear takes over. In a bull market, investors often buy blindly due to FOMO (fear of missing out); in a bear market, they often sell irrationally out of panic. The Fear and Greed Index is designed to help you step away from emotional interference and view the market in a calmer, more rational, data-driven way.

Note: The fear index threshold is 0-100, including indicators: volatility (25%) + market trading volume (25%) + social media buzz (15%) + market surveys (15%) + Bitcoin's proportion in the overall market (10%) + Google trends analysis (10%).