The market sentiment index continued to dip today, falling to 24 points, further declining from yesterday's 25 points. According to the data, the market level remains in a state of extreme fear.
How is this index calculated? It mainly looks at six dimensions - volatility accounts for the largest share (25%), market trading volume also accounts for a quarter (25%), followed by the popularity of discussions on social media (15%), feedback from market surveys (15%), the weight of Bitcoin in the overall market (10%), and finally the trends of Google search hot words (10%).
These indicators together form a complete scoring system from 0 to 100. The lower the number, the stronger the panic among market participants. Currently at around 20, it indicates that market sentiment is in a rather pessimistic state.
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down_only_larry
· 4h ago
24 o'clock? It should have been like this long ago, really
Falling again? I already said we should buy the dip
Fluctuation accounts for a quarter... with this calculation, who wouldn't panic
24 o'clock is the real opportunity, brothers
Extreme panic = extreme greed, don’t scare me
How come this index feels worse than my Wallet
Social media heat only at 15%? Those shitcoin farmers are bragging every day
Only falling a little bit in a day? Just wait and see, it has to keep crashing
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ThreeHornBlasts
· 12-23 00:31
24 points... What does this number mean? It's time to buy the dip, right?
Damn, this wave of fluctuation has already taken a quarter, how can it still fall?
Using social media heat to calculate the panic level feels a bit fishy...
Extreme panic? I actually feel like an opportunity has come.
With over 20 points, the bottom signal is so clear, what are they all waiting for?
This index only gives BTC a weight of 10%, is that reasonable, fren?
Haha, such a big fluctuation can still only fall by 1 point, it shows that those buying the dip have already taken action.
No matter how the index is calculated, it's so pessimistic; the actual situation shouldn't be that bad, right?
Extreme panic is the best, just right to enter a position at a low price.
Having so many dimensions just to show panic, it's better to just look at the Candlestick Chart.
The market sentiment index continued to dip today, falling to 24 points, further declining from yesterday's 25 points. According to the data, the market level remains in a state of extreme fear.
How is this index calculated? It mainly looks at six dimensions - volatility accounts for the largest share (25%), market trading volume also accounts for a quarter (25%), followed by the popularity of discussions on social media (15%), feedback from market surveys (15%), the weight of Bitcoin in the overall market (10%), and finally the trends of Google search hot words (10%).
These indicators together form a complete scoring system from 0 to 100. The lower the number, the stronger the panic among market participants. Currently at around 20, it indicates that market sentiment is in a rather pessimistic state.