Arcane Research: cryptocurrency “fear and greed index” rose to August marks

The latest report from Arcane Research says that against the backdrop of Bitcoin's recent test of the $9,500 mark, the cryptocurrency's "fear and greed index" has risen to the values of August last year.

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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.

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

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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, Arcance Research believes.

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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 the May halving.

Arcane Research analysts previously reported an exponential increase in searches for ‘Bitcoin Halving’.