#市场进入极度恐慌 exploded! The cryptocurrency market's fear index is approaching freezing point, reaching a near year-long moment of panic at 11

Family, the cryptocurrency market is completely panicking today! Data from Alternative on December 16 shows that the fear and greed index has plummeted directly to 11, a sharp drop from yesterday's 16. This is a rare state of extreme fear in the past year, and the market sentiment has turned into ice shards!

Don't underestimate this index; it is calculated based on six major indicators: volatility and trading volume each account for 25% of the weight, social media popularity and market surveys each account for 15%, while Bitcoin's share and Google trends analysis each account for 10%. To drop to 11 indicates that whether it’s market trading, price volatility, or the enthusiasm of discussions, everything is showing panic, and investor confidence has hit rock bottom.

It’s important to know that in this index range of 0-100, the lower the number, the more intense the panic. Now with this value of 11, the market is firmly pressed into the 'extreme fear' zone. So the question arises, how long do you think this panic will last? Is it an opportunity to buy the dip or the beginning of risk? Embracing the principle of being greedy when others are fearful, I’m positioning myself in Ethereum chain level small ♚ dog ♚ p●u●pp●i●e●s

Let's chat about your thoughts in the comments!