The crypto panic and greed index drops to 61, and market "greed" sentiment continues to cool down

According to data released by Alternative, the crypto panic and greed index on October 11 was 61, a decrease from yesterday's value of 64, reflecting that market greed is gradually fading. Note: The index's panic threshold ranges from 0 to 100 and consists of six dimensions: volatility (25%), market volume (25%), social media popularity (15%), market research (15%), Bitcoin's share in the overall market (10%) and Google Hotword Analysis (10%).<br /> <br /> Alternative data showed that the Crypto Market Panic and Greed Index reported a value of 61 on October 11, which was down from the previous day's level of 64, indicating that overall market sentiment showed a cooling trend. Note: The panic index calculation includes six indicators: volatility (25%), market transaction volume (25%), social media popularity (15%), market research (15%), Bitcoin market share (10%) and Google hot word analysis (10%), with a numerical range of 0-100.<br /> <br /> The Crypto Panic and Greed Index on October 11 was provided by Alternative and currently reported at 61, down from yesterday's value of 64, indicating that market greed has continued to decline. Note: The index is calculated through volatility (25%), market transaction volume (25%), social media popularity (15%), market research (15%), Bitcoin market share (10%) and Google hot word analysis (10%). The panic threshold ranges from 0 to 100.