The optimism index of cryptocurrency players is the highest since 2021 1
Bitcoin (BTC) suddenly increased in price, surpassing the 50,000 USD mark per token, pushing the community’s excitement to its peak.
The greed and fear index of digital currency players reached 79/100 points on February 13.
According to CoinDesk, within 12 months, Bitcoin price increased 250% when in the same period last year, each BTC cost about 21,000 USD.
In the cryptocurrency sector, the greed and fear index is an important factor that shows user sentiment about Bitcoin and other popular cryptocurrencies.
On the one hand, the greed and fear index reflects the general psychology of the community, on the other hand it is also a reference to help investors not fall into the psychological trap of being too worried or too excited.
This index is marked from 0 to 100. In which 0 represents `extreme fear` and 100 represents `extreme greed`.
Bitcoin user sentiment chart over the past year.
The optimism of players increased in the context of Bitcoin ETF funds reaching 10 billion USD after one month.
According to CoinTelegraph, positive investor sentiment is being fueled by the rise of Bitcoin ETFs and news of the Halving (halving of block mining rewards).
Illustration of a player monitoring Bitcoin price fluctuations.
Analyst Rekt Capital said on X that price movements and community sentiment are mirroring Bitcoin’s classic bull cycle.
