比特幣恐懼和貪婪指數最近有所下降：這對比特幣的價格意味著什麼

數據顯示，比特幣投資者情緒已跌至10月中旬以來的最低水準。這對 BTC 的價格可能意味著什麼。

The Bitcoin Fear & Greed Index has seen a sharp decline recently, dropping from a value of 73 yesterday to 65 today. This indicates that the sentiment shared by the majority of the investors has shifted from extreme greed to simply greed.

比特幣恐懼與貪婪指數近期大幅下跌，從昨天的 73 跌至今天的 65。這顯示大多數投資者的情緒已經從極度貪婪轉向純粹貪婪。

The index takes into account the data of five factors in order to calculate its value: volatility, trading volume, market cap dominance, social media sentiment, and Google Trends.

該指數考慮了五個因素的數據來計算其價值：波動性、交易量、市值主導地位、社群媒體情緒和Google趨勢。

When the value of the index is greater than 53, it means the sentiment shared by the majority of the investors is that of greed. On the other hand, it being under 47 implies fear is dominant in the sector. Naturally, the indicator being between these two cutoffs suggests a net neutral mentality.

當該指數值大於53時，表示大多數投資者的情緒是貪婪的。另一方面，低於 47 意味著該行業的恐懼情緒占主導地位。當然，介於這兩個臨界點之間的指標顯示了一種淨中性心態。

Bitcoin Fear & Greed Index 2021

2021 年比特幣恐懼與貪婪指數

The worsening in the sentiment is likely due to the price decline that BTC has been going through lately. For most of this month, the indicator has actually been showing the market to be holding a sentiment of extreme greed, which is defined as the index being at 75 or higher.

情緒惡化可能是由於比特幣最近價格下跌所致。在本月的大部分時間裡，該指標實際上一直顯示市場持有極度貪婪的情緒，這種情緒被定義為該指數處於 75 或更高。

Historically, Bitcoin has actually tended to move in the direction opposite to what the crowd is expecting, with the probability of such a contrary move occurring only growing the more the investors become sure about a side.

從歷史上看，比特幣實際上往往朝著與大眾預期相反的方向發展，隨著投資者對一方的確定性越強，發生這種相反走勢的可能性只會增加。

Extreme greed is a territory where tops have often occurred for the BTC price as this likelihood is the strongest there. There is a similar region for the fear side as well, called extreme fear and occurring at 25 or lower.

極度貪婪是比特幣價格經常出現頂部的區域，因為這種可能性是最強的。恐懼方面也有一個類似的區域，稱為極度恐懼，發生在 25 或更低。

With the Bitcoin sentiment seeing a notable decline recently, the asset’s price may no longer be at risk of seeing another major correction. The sentiment is still that of greed, however, so another rally may also not be too likely to happen.

隨著比特幣情緒最近顯著下降，該資產的價格可能不再面臨再次大幅回檔的風險。然而，市場情緒仍然是貪婪的，因此再次反彈的可能性也不太可能發生。