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【Block Rhythm】On January 10th, there’s a detail worth noting in the crypto market——the Fear and Greed Index fell to 25 again, lower than the previous day’s 27. In other words, the market has re-entered the “extreme fear” zone.

Keep in mind that the average of this index last week was still at 29, so the decline over these two days has indeed been quite rapid. From 27 to 25, although the numerical change may seem small, it represents a rapid shift in market participants’ psychology toward pessimism.

How is this index calculated? It’s derived from a combined calculation of six dimensions. Volatility and market trading volume each account for a quarter of the weight, social media sentiment and market surveys each account for 15%, Bitcoin’s dominance in the overall market carries a 10% weight, and Google’s trending search keywords also account for 10%. In other words, it scores the market’s panic level from multiple angles: volatility, transaction volume, market sentiment, and Bitcoin’s dominant power.

Looking at the complete scale from 0 to 100, the number 25 means the market is filled with panic sentiment. This state of extreme fear is often when some traders seek opportunities to find market bottoms.