The Crypto Fear & Greed Index is a widely followed metric used to gauge market sentiment in the cryptocurrency space. It measures emotions on a scale from 0 (Extreme Fear) to 100 (Extreme Greed), using factors such as price momentum, volatility, derivatives data, and search volume.
With a current reading of 45, investors are neither overly fearful nor excessively greedy, suggesting a balanced market after significant events. This neutral sentiment is often seen in the cryptocurrency space during periods of consolidation or before a major trend shift.