Cryptocurrency market sentiment continues to weaken, with the Fear and Greed Index released by CoinMarketCap plummeting to 9, entering the “Extreme Fear” zone, indicating a significant decline in investor confidence. This figure is not only below the 15 recorded a week ago but also well below the neutral level of 41 last month. It previously touched an annual low of 5 on February 6, highlighting the rapid shift in sentiment.
CoinMarketCap points out that the index uses a scoring system from 0 to 100, with lower values representing greater market fear. Its calculation model is based on five major dimensions, including mainstream asset price momentum, implied volatility indicators for BTC and ETH, put/call ratios for options, stablecoin supply proportions, and platform social interaction activity. This system attempts to quantify traders’ true psychological states behind price fluctuations.
From a price perspective, Bitcoin is currently fluctuating around $70,500, with a 24-hour trading volume of approximately $42.8 billion; Ethereum hovers near $2,096; Solana around $87.6. Although major cryptocurrencies have recovered somewhat after a sharp decline last week, the total market capitalization of the crypto market has also returned above $2.4 trillion, but the sentiment indicator has not warmed up accordingly, reflecting that funds remain cautious.
Historical experience shows that the Fear Index below 10 often appears during periods of market stress. U.S. regulators have also pointed out that extreme fear may indicate undervaluation, while extreme greed could suggest bubble risks. As Warren Buffett famously said, market sentiment often breeds turning points at extreme moments.
CoinMarketCap also reminds that this index is not an independent trading signal but more of a sentiment reference tool, best used in conjunction with technical analysis, capital flow data, and macroeconomic indicators. In the current environment, although sentiment remains low, signs of price stabilization are emerging. Upcoming macro events and liquidity changes may determine whether Bitcoin can escape the “Extreme Fear” zone.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Strategy Acquires 17,994 Bitcoin for $1.28 Billion
Gate News bot message, Strategy (previously MicroStrategy) has purchased 17,994 BTC for $1.28 billion at an average price of $70,946 per Bitcoin. The company now holds 738,731 BTC, acquired for a total of approximately $56.04 billion at an average price of $75,862 per Bitcoin.
GateNews4m ago
Oil prices rise to $119, reaching a new high since 2022, Bitcoin remains at $67,000, and the Federal Reserve has a 99% probability of maintaining interest rates in March.
On March 9th, WTI crude oil prices rose to $119 per barrel, reaching a new high since 2022. Due to threats from Iran, global crude oil supply losses approached 20 million barrels. Bitcoin remained at $67,000, with no signs of panic selling. The probability that the Federal Reserve will keep interest rates unchanged is approximately 99%.
GateNews8m ago
Bitcoin order book data: Over $100 million in buy orders accumulated in the $65,000 range, with sell pressure around $68,000.
Gate News Report, March 9 — On the X platform, on-chain data analysis platform Coinglass released data showing that Bitcoin order books have accumulated buy orders exceeding $100 million in the $65,000 to $65,150 range. Meanwhile, order book data indicates significant sell pressure around the $68,000 level.
GateNews10m ago
