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Crypto Fear and Greed Index Drops to 59, Market Remains in "Greed" State
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On May 6, according to Alternative data, today's crypto Fear and Greed Index dropped to 59, compared to 52 yesterday (with a weekly average of 60), indicating the market sentiment is in a "Greed" state.
Note: The Fear Index threshold is 0-100, including indicators: Volatility (25%) + Market Volume (25%) + Social Media Popularity (15%) + Market Surveys (15%) + Bitcoin's Proportion in the Entire Market (10%) + Google Trends Analysis (10%).
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