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Current market sentiment is bearish (Fear and Greed Index CMC: 16/100). Key points:
1. Fear and Greed Index sits at 16 ('Extreme Fear'), up 1 point in the last 24 hours but down 9 points over the week, indicating deep pessimism with slight stabilization.
2. Social sentiment shows a net score of 4.79 out of 10 (as per CMC's social sentiment algorithm), reflecting moderately bearish vibes, with opinions split between optimistic forecasts and news of hacks.
3. Technical pressure — RSI for overall market cap at 17.78 indicates strong oversold conditions, while negative funding rates and high liquidation levels show ongoing speculative tension. ✅Subscribe🔔