Crypto Fear and Greed Index Drops to 59, Market Remains in "Greed" State

On May 6, according to Alternative data, today's crypto Fear and Greed Index dropped to 59, compared to 52 yesterday (with a weekly average of 60), indicating the market sentiment is in a "Greed" state.

Note: The Fear Index threshold is 0-100, including indicators: Volatility (25%) + Market Volume (25%) + Social Media Popularity (15%) + Market Surveys (15%) + Bitcoin's Proportion in the Entire Market (10%) + Google Trends Analysis (10%).