Bitwise European Research Director: Crypto Fear and Greed Index Below 20 Signs Excess Returns

Due to the downturn in the market, the Crypto Fear and Greed Index fell to 16 on November 14, placing it in the extreme fear zone. André Dragosch, head of European research at Bitwise, posted on X that when the Crypto Fear and Greed Index is below 20, the average subsequent performance of Bitcoin is: 1 day + 0.9%; 2 days + 1.8%; 5 days + 4.1%; 1 week + 5.2%; 2 weeks + 9.3%; 1 month + 19.9%; 2 months + 44.2%; 3 months + 62.4%; 6 months + 48.5%. He said that many analysts consider the Cryptocurrency Fear and Greed Index to be just noise, but in fact, the index has consistently signaled outsized returns in the past.