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The encryption fear index has dropped to 56, and the market is still in a state of "greed".
According to BlockBeats news on August 16, Alternative data shows that today’s cryptocurrency Fear and Greed Index has fallen to 56 (yesterday it was 60), with a weekly average of 67, indicating the market is still in a “Greed” sentiment. Note: The Fear Index threshold is 0-100, including indicators: Fluctuation (25%) + market volume (25%) + social media popularity (15%) + market surveys (15%) + Bitcoin’s proportion in the entire market (10%) + Google Trends analysis (10%).