Arcane Research: cryptocurrency “fear and greed index” rose

by in Cryptocurrency News

Arcane Research bitcoin

A recent Arcane Research report says that amid a recent 9,500 bitcoin test, the crypto “fear and greed index” rose to last August's.

Arcane Research Bitcoin

The index has been growing since mid-December amid a general recovery in prices for many crypto assets. This indicates a growing optimism among market participants.

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Analysts also note that trading volumes on exchanges from the Bitwise 10 rating began to grow again:

Arcane Research cryptocurrency

The volatility of the price of the first cryptocurrency is also increasing. The combination of these factors indicates a “healthy and stable growth” in bitcoin prices, Arcane Research believes.

Among other things, analysts note a decrease in the difference in quotations of March futures on regulated and unregulated sites.

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This situation, analysts say, indicates an increase in confidence in the short-term prospects of bitcoin among retail investors and cautious optimism among larger players on CME.

Nevertheless, the June CME contract quotes are more than 5% higher than the spot market prices. Thus, the whales remain confident in the growth of BTC after May halving.