Data from January 10th shows that the Cryptocurrency Fear and Greed Index has fallen back to 25, lower than the previous day's 27. This indicates that the market has re-entered the "Extreme Fear" zone. Compared to the average level of 29 last week, the decline in recent days is quite noticeable.

How is this index calculated? It mainly considers six aspects: volatility (the largest weight at 25%), trading volume (also 25%), social media activity (15%), market survey results (15%), Bitcoin's weight in the overall crypto market (10%), and Google search trend analysis (10%). These dimensions are combined to produce a score from 0 to 100, with lower numbers indicating more pessimistic market sentiment.

Looking at this trend, market participants are indeed feeling a bit anxious. Whether it's price fluctuations, trading activity, or public opinion heat, all reflect a period of unease.