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The crypto market sentiment continues to dip, with the fear index falling to 23.

On December 2, the Crypto Assets panic and greed index of the Alternative platform dipped by one point, down from 24 yesterday to 23 today. Looking back at last week, the average was around 20, and the entire market is still shrouded in an atmosphere of “extreme fear.”

How is this index calculated? It actually combines data from six dimensions: volatility and market trading volume each account for 25% of the weight, social media popularity and market surveys each account for 15%, the market share of Bitcoin accounts for 10%, and Google search hot word analysis also accounts for 10%. The index ranges from 0 to 100, with smaller numbers indicating stronger panic.

BTC0.19%
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WalletManagervip
· 21h ago
The number 23... shows that large holders on-chain are still quietly accumulating, while it's the retail investors who have been scared away. Have you managed your private keys well? At this point, it's all about who can hold onto their tokens the tightest.
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PumpDoctrinevip
· 12-02 10:06
It's 23, oh my god this is really extreme panic, I don't even dare to look at my Wallet.
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JustAnotherWalletvip
· 12-02 01:02
It's 23 now... no one really dares to move.
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CoinBasedThinkingvip
· 12-02 01:01
It's 23 now, and this is really extreme panic. It feels like the bottom hasn't been reached yet.
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OnchainHolmesvip
· 12-02 00:55
It's already 23, what kind of desperate market situation would it take to hit this number? I'm feeling a bit numb.
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SignatureLiquidatorvip
· 12-02 00:55
It's 23 now, should we just settle directly?
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hodl_therapistvip
· 12-02 00:46
It's already 23, if it keeps dropping, I'm going to be numb, really.
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GateUser-44a00d6cvip
· 12-02 00:33
It's already at 23, it needs to fall to single digits to be considered the true bottom.
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