What does extreme fear mean in crypto?

While it’s hard to anticipate the future movements of crypto assets with 100% accuracy, indicators like the Fear and Greed Index can help.

The Crypto Fear and Greed Index generates a single value between 1 and 100. If the value = 1, it means that the crypto market will fall as people are experiencing severe fear and selling their holdings.

On the other hand, a higher number of 100 means that the market is due for a correction, and people are experiencing excessive greed (i.e., buying more assets). So, how does the Crypto Fear and Greed Index work?

Extreme fear arises when the value of the index lies between 0 and 24. Anything above 24 and under 50 represents fear, and the value of 50 means neutrality in the market. On the contrary, greed arises when the value of the index lies between 51 and 74; however, if the value hikes over 74, such as 75 or above, it represents extreme greed.