数据显示，尽管价格上涨超过104,000美元

“恐惧和贪婪指数”是指由替代方案创建的指标，它告诉我们比特币和更广泛的加密货币市场中投资者中存在的平均情绪。

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.”

加密货币市场最近发生了很大的波动性，并且这种波动率可用于评估投资者的思想。衡量这一点的一种方法是使用“恐惧和贪婪指数”。

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.

该指数是一个众所周知的指标，范围从0到100不等，用于评估比特币（BTC）和更广泛的加密货币市场的投资者中的普遍情绪。它是由替代方案计算得出的，该替代方案将数据分析和块软件解决方案归功于索引数据。

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.

该指数考虑了确定交易者心态当前状态的五个主要因素。这些因素包括交易量，价格波动，市值优势，社交媒体量和Google趋势。

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.

这五个组件中的每一个都根据其重要性分配了权重。一个组件的较高值表示相应因子的存在更强。

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.

为了衡量市场中的恐惧或贪婪的水平，该指数使用数字量表从0到100。低于25的值表明了极端恐惧，而高于75的恐惧表示极端贪婪。

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.

当索引阅读为47岁以下时，这表明恐惧是交易者的主导情绪。相反，指数值为53或更多，表明贪婪是推动市场的主要情感。

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.

如果指数读数介于这两个截止之间，则表示交易者之间的净中性心态，而恐惧和贪婪都没有更强的影响力。

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.

除了这三种主要的市场情绪外，还有两个特殊地区表示非常强烈的恐惧和贪婪。极端恐惧是由25或更少的索引值表示，而极端贪婪则由75或更多的索引读数显示。

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

这是最新的比特币恐惧和贪婪指数价值的快照：

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

因此，比特币恐惧和贪婪指数的读数为70，在贪婪领土上。

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.

本月早些时候，随着价格上涨的暂停，交易者的心态下降到中立。但是，随着最新的集会延续，市场情绪再次改善。

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，尽管比特币接近其历史高（ATH），但投资者仍然没有变得非常贪婪。如果历史记录过去，这实际上可以对资产价格的有利作用。

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.

背后的原因是，加密货币通常倾向于朝着与人群意见相反的方向发展。这种相反的举动发生的可能性只会增加，而投资者更确定了方向，因此，最强烈的极端区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.

恐惧和贪婪指数仍然远离极端贪婪的地区可能表明，在投资者之间尚未发展过多的炒作，因此比特币可能有更多的空间可以在最高领先。

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.

比特币短暂地设法超过了今天早些时候的105,000美元水平。但是，自那时以来，加密货币的价格似乎很小，因为其价格现在又回到了103,000美元。