[Bitwise Head of Research for Europe: Fear and Greed Index Below 20 May Be Linked to Bitcoin Outperformance]
On November 14, the Crypto Fear and Greed Index dropped to 16 due to a sluggish market, entering the extreme fear zone. Bitwise Head of Research for Europe André Dragosch stated on X that when the index falls below 20, Bitcoin's average subsequent performance is as follows: 1 day +0.9%, 2 days +1.8%, 5 days +4.1%, 1 week +5.2%, 2 weeks +9.3%, 1 month +19.9%, 2 months +44.2%, 3 months +62.4%, 6 months +48.5%. He noted that although many analysts consider the index to be noise, it has historically been associated with signals of outperformance on multiple occasions.