數據顯示，儘管價格上漲超過104,000美元

“恐懼和貪婪指數”是指由替代方案創建的指標，它告訴我們比特幣和更廣泛的加密貨幣市場中投資者中存在的平均情緒。

The cryptocurrency market has seen a great deal of volatility in recent times, and this volatility can be used to gauge the thoughts of investors. One way to measure this is through the use of a “Fear & Greed Index.”

加密貨幣市場最近發生了很大的波動性，並且這種波動率可用於評估投資者的思想。衡量這一點的一種方法是使用“恐懼和貪婪指數”。

This index is a well-known metric that ranges from 0 to 100 and is used to evaluate the prevailing sentiment among investors in the Bitcoin (BTC) and broader cryptocurrency market. It is calculated by Alternative, which credits DataAnalysis and Blockware Solutions for the index's data.

該指數是一個眾所周知的指標，範圍從0到100不等，用於評估比特幣（BTC）和更廣泛的加密貨幣市場的投資者中的普遍情緒。它是由替代方案計算得出的，該替代方案將數據分析和塊軟件解決方案歸功於索引數據。

The index takes into account five major factors to determine the current state of trader mentality. These factors include trading volume, price volatility, market cap dominance, social media volume, and Google Trends.

該指數考慮了確定交易者心態當前狀態的五個主要因素。這些因素包括交易量，價格波動，市值優勢，社交媒體量和Google趨勢。

Each of these five components is assigned a weighting in accordance with their importance. A higher value of one component indicates a stronger presence of the corresponding factor.

這五個組件中的每一個都根據其重要性分配了權重。一個組件的較高值表示相應因子的存在更強。

To measure the level of fear or greed in the market, the index uses a numeric scale from 0 to 100. Values below 25 suggest extreme fear, while those above 75 imply extreme greed.

為了衡量市場中的恐懼或貪婪的水平，該指數使用數字量表從0到100。低於25的值表明了極端恐懼，而高於75的恐懼表示極端貪婪。

When the index reading is 47 or less, it suggests that fear is the dominant sentiment among traders. Conversely, an index value of 53 or more indicates that greed is the primary emotion driving the market.

當索引閱讀為47歲以下時，這表明恐懼是交易者的主導情緒。相反，指數值為53或更多，表明貪婪是推動市場的主要情感。

If the index reading falls between these two cutoffs, it signifies a net neutral mentality among traders, with neither fear nor greed having a stronger influence.

如果指數讀數介於這兩個截止之間，則表示交易者之間的淨中性心態，而恐懼和貪婪都沒有更強的影響力。

Apart from these three main market sentiments, there are two special regions that denote extremely strong fear and greed. Extreme fear is indicated by an index value of 25 or less, while extreme greed is shown by an index reading of 75 or more.

除了這三種主要的市場情緒外，還有兩個特殊地區表示非常強烈的恐懼和貪婪。極端恐懼是由25或更少的索引值表示，而極端貪婪則由75或更多的索引讀數顯示。

Here is a snapshot of the latest Bitcoin Fear & Greed Index value:

這是最新的比特幣恐懼和貪婪指數價值的快照：

As such, the Bitcoin Fear & Greed Index has a reading of 70, which is in the Greed territory.

因此，比特幣恐懼和貪婪指數的讀數為70，在貪婪領土上。

Earlier this month, the trader mentality declined to a neutral level as the price surge took a pause. But with the latest continuation to the rally, the market mood has improved once more.

本月早些時候，隨著價格上漲的暫停，交易者的心態下降到中立。但是，隨著最新的集會延續，市場情緒再次改善。

Interestingly, however, despite Bitcoin approaching its all-time high (ATH), the investors have still not become extremely greedy. If history is to go by, this could actually play into the favor of the asset’s price.

然而，有趣的是，儘管比特幣接近其歷史高（ATH），但投資者仍然沒有變得非常貪婪。如果歷史記錄過去，這實際上可以對資產價格的有利作用。

The reason behind this is that the cryptocurrency has often tended to move in a direction that’s opposite to the crowd opinion. The probability of such a contrary move taking place has only gone up the more sure the investors become of a direction, so the extreme zones, where sentiment is the strongest, is where major tops and bottoms have formed.

背後的原因是，加密貨幣通常傾向於朝著與人群意見相反的方向發展。這種相反的舉動發生的可能性只會增加，而投資者更確定了方向，因此，最強烈的極端區域是主要的上衣和底部形成的地方。

The Fear & Greed Index still staying out of the extreme greed region could be an indication that an excess of hype hasn’t developed among the investors just yet, so Bitcoin could potentially have more room to run before a top.

恐懼和貪婪指數仍然遠離極端貪婪的地區可能表明，在投資者之間尚未發展過多的炒作，因此比特幣可能有更多的空間可以在最高領先。

Bitcoin briefly managed to cross over the $105,000 level earlier today. However, the crypto seems to have seen a small pullback since then as its price is now back at $103,000.

比特幣短暫地設法超過了今天早些時候的105,000美元水平。但是，自那時以來，加密貨幣的價格似乎很小，因為其價格現在又回到了103,000美元。