比特币恐惧与贪婪指数仍未达到极值。这对 BTC 价格复苏可能意味着什么。

数据显示，比特币恐惧与贪婪指数仍未达到极值。这对 BTC 价格复苏可能意味着什么。

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

该指标衡量比特币和更广泛的加密货币市场投资者的整体情绪，目前为 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.

该指标是了解推动该行业的集体心理的有用工具。它考虑了五个关键因素：波动性、交易量、社交媒体情绪、市值主导地位和谷歌趋势。

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.

该指标分配零到一百之间的分数来代表普遍情绪。任何低于 47 的值都表明恐惧，而任何高于 53 的值都表明贪婪。介于两者之间的值对应于中立心态。

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.

从最新的数据来看，目前该指数在75，市场上存在一种贪婪的情绪。这种心态也相当强烈，已经接近极度贪婪的门槛。

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.

当指标穿过 75 时，就进入该区域。恐惧方面也有一个类似的区域，称为极度恐惧，当指标低于 25 时就会出现这种情况。

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.

现值比几天前略有改善，但与昨天相比没有变化。考虑到加密货币在过去一天中才继续强劲复苏，这一点很有趣。

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

下图显示了过去一年比特币恐惧与贪婪指数的值记录。

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.

从历史上看，比特币的走势往往与大多数人的预期背道而驰，而这种相反走势的可能性只会随着人群变得更加确定而增加。

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

与此相一致的是，当指数处于各自的极端区域时，资产的顶部和底部通常会出现。

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

上个月和 3 月份的顶部与恐惧与贪婪指数分别达到 87 和 88，在牛市反弹的最高峰同时出现。

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.

下一个顶部可能会出现在较低的水平，但过去的读数仍然提供了一些参考情绪何时开始真正升温。

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.

比特币今天进一步上涨，该指标的价值明天可能会更高，但事实上，比特币一直在反弹至历史新高，而该指数一直处于极端贪婪区域之外，这可能是一个积极的信号它的可持续性。

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

截至撰写本文时，比特币交易价格约为 104,800 美元，过去一周上涨超过 11%。