比特幣恐懼與貪婪指數仍未達到極端值。這對 BTC 價格復甦可能意味著什麼。

數據顯示，比特幣恐懼與貪婪指數仍未達到極端值。這對比特幣價格復甦可能意味著什麼。

The indicator, which gauges the overall sentiment present among investors in the Bitcoin and wider cryptocurrency markets, is currently sitting at 75.

該指標衡量比特幣和更廣泛的加密貨幣市場投資者的整體情緒，目前為 75。

This metric is a useful tool for understanding the collective psychology driving the sector. It takes into account five key factors: volatility, trading volume, social media sentiment, market cap dominance, and Google Trends.

該指標是了解推動該行業的集體心理的有用工具。它考慮了五個關鍵因素：波動性、交易量、社群媒體情緒、市值主導地位和Google趨勢。

The indicator assigns a score between zero and hundred to represent the prevailing sentiment. Anything below 47 indicates fear, while anything above 53 suggests greed. Values in between correspond to a neutral mentality.

此指標分配零到一百之間的分數來代表普遍情緒。任何低於 47 的值都表示恐懼，而任何高於 53 的值都表示貪婪。介於兩者之間的數值對應於中立心態。

According to the latest reading, a sentiment of greed is present in the market as the index is sitting at 75. This mentality is also quite strong, being close to the threshold for extreme greed.

根據最新的數據顯示，目前該指數在75，市場上存在著一種貪婪的情緒。

When the indicator crosses 75, it enters into this zone. There is a similar region on the fear side, called extreme fear, which occurs when the metric falls below 25.

當指標穿過75時，就進入該區域。恐懼方面也有一個類似的區域，稱為極度恐懼，當指標低於 25 時就會出現這種情況。

The present value marks a slight improvement from a few days ago, but it remains unchanged from yesterday. This is interesting considering the cryptocurrency has only continued its strong recovery over the past day.

現值比幾天前略有改善，但與昨天相比沒有變化。考慮到加密貨幣在過去一天中才繼續強勁復甦，這一點很有趣。

The chart below shows a record of the values of the Bitcoin Fear & Greed Index over the past year.

下圖顯示了過去一年比特幣恐懼與貪婪指數的數值記錄。

Historically, Bitcoin has tended to move in a way that goes against the expectations of the majority, with the probability of such an opposite move only rising the more sure the crowd becomes.

從歷史上看，比特幣的走勢往往與大多數人的預期背道而馳，而這種相反走勢的可能性只會隨著人群變得更加確定而增加。

In line with this, tops and bottoms in the asset have generally occurred when the index has been in the respective extreme zone.

與此一致的是，當指數處於各自的極端區域時，資產的頂部和底部通常會出現。

Tops last month and in March coincided with the Fear & Greed Index hitting 87 and 88, respectively, at the height of the bull rally.

上個月和 3 月的頂部與恐懼與貪婪指數分別達到 87 和 88，在牛市反彈的最高峰同時出現。

It’s possible that the next top might occur at lower levels, but the past readings still provide some reference of when the sentiment starts becoming truly heated up.

下一個頂部可能會出現在較低的水平，但過去的讀數仍然提供了一些參考情緒何時開始真正升溫。

BTC has furthered its run today and the indicator’s value is likely to be higher tomorrow, but the fact that the coin has been rallying towards its all-time high while the index has been sitting out of the extreme greed zone could be a positive sign for its sustainability.

比特幣今天進一步上漲，該指標的價值明天可能會更高，但事實上，比特幣一直在反彈至歷史新高，而該指數一直處於極端貪婪區域之外，這可能是一個積極的信號它的可持續性。

At the time of writing, Bitcoin is trading around $104,800, up more than 11% over the past week.

截至撰寫本文時，比特幣交易價格約為 104,800 美元，過去一周上漲超過 11%。