min to read

2019-09-27 17:40:15




News

The FEAR index reached extremes in anticipation of the expiration of Bitcoin options

BTC VS FEAR

min to read

2019-09-27 17:40:15

Against the backdrop of a sharp decline in the price of bitcoin, the Fear & Greed Index indicator of market sentiment fell to around 24, which means an extreme degree of anxiety among investors.

Against the backdrop of a sharp decline in the price of bitcoin, the Fear & Greed Index indicator of market sentiment fell to around 24, which means an extreme degree of anxiety among investors.

 


 

The tool takes into account factors such as volatility, market dynamics, trading volumes, trends in social media, data from various studies, the BTC dominance index, and Google Trends data.

 

Note that the sharp drop in the market occurred in anticipation of the expiration of bitcoin options on Deribit and LedgerX exchanges, as well as futures on CME.

 

 

According to Arcane Research, the price of the first cryptocurrency in most cases falls shortly before the execution of futures contracts. This may be due to the actions of cautious investors trying to close their positions in order to avoid excessive volatility, and to possible price manipulation.

 

Meanwhile, CoinDesk Markets analysts point out that the price of bitcoin closed below the 200-day moving average (MA 200), regarded by many investors as a kind of border between the bull and bear markets.

 

 

Meanwhile, CoinDesk Markets analysts point out that the price of bitcoin closed below the 200-day moving average (MA 200), regarded by many investors as a kind of border between the bull and bear markets.

 

 

Recall, recently known trader Ton Weis suggested that 'digital gold' is moving to the mark of $4000.

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