MarketPR
The Crypto Fear & Greed Index, a daily sentiment composite published by CoinMarketCap, registered 15 on June 17 — down one point from the prior session's reading of 16 — pushing the market firmly into "Extreme Fear" territory.
The reading marks a sharp reversal from the "Greed" and "Extreme Greed" zones where the index spent much of 2023 during the market's post-bear recovery, and signals that the mood among crypto participants has deteriorated considerably.
What the Index Actually Measures CoinMarketCap's index is not a price tracker — it is a mood gauge, mapping five data inputs onto a 0-to-100 scale where zero represents maximum fear and 100 signals maximum greed.
The five components are: price momentum for the top ten cryptocurrencies by market capitalization; volatility measured through standard deviations and maximum drawdowns of assets including $BTC; the put/call ratio from major derivatives exchanges, which shows whether traders are hedging against losses or pressing bullish bets; the Stablecoin Supply Ratio, which compares stablecoin supply to Bitcoin's market cap as a proxy for available buying power; and search volume from CoinMarketCap's own platform.
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