The panic index drops to 32, market sentiment remains subdued

2026-01-20 00:56:09

Abstract generation in progress

【BlockBeats】On January 20th, the fear and greed index of the crypto market dropped again to 32, significantly down from yesterday’s 44. Compared to the weekly average of 26, there has been a rebound, but overall, the market remains in a “fear” atmosphere.

This index is quite comprehensive—volatility accounts for the largest weight (25%), followed by market trading volume (25%), social media buzz, and market surveys each at 15%, Bitcoin’s contribution to the overall market proportion at 10%, and Google trending analysis also at 10%. In other words, it reflects multi-dimensional signals such as on-chain activity, trading enthusiasm, public opinion heat, and the strength of mainstream coins.

From the value of 32, market participants’ cautious sentiment is still ongoing, and the appeal of risk assets is limited in the short term.

BTC-2,26%

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NotGonnaMakeIt

· 7h ago

32... Still have to wait again The cautious sentiment hasn't passed yet, and there really aren't many opportunities in the short term I just want to buy the dip, how long do I have to wait for that?

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ChainSauceMaster

· 7h ago

32 points? That just means everyone is watching and no one dares to move. --- The panic index has dropped again, it feels like we need to wait a bit longer before jumping in. --- The design with the highest volatility weight is interesting, but right now there’s not much trading enthusiasm. --- Limited appeal for short-term risk assets? Then just hold on and wait, it’s not going to drop much anyway. --- At 32, it’s actually an opportunity; historically, when it hits 32, it often rebounds soon. --- Social media buzz is already included, those voices on Twitter have long reflected that, no surprises there. --- Bitcoin only accounting for 10% weight is quite interesting; this index seems to focus more on market sentiment rather than on-chain fundamentals. --- Another piece of bad news, when will we see a day below 32?

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OptionWhisperer

· 8h ago

The number 32 reminds me of the disaster in November last year. Why hasn't it dropped to a single digit yet?

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HodlTheDoor

· 8h ago

32? Really, I've seen this rhythm before. --- Once again in the data game, with volatility accounting for such a large proportion, it's just scary. --- Persistent cautious sentiment... frankly, no one wants to move. --- Wait, with such low trading volume, how can it still account for 25% weight? The logic is a bit strange. --- Short-term attractiveness is limited, but what about the long term? That's the real issue. --- Will 32 continue to bottom out? It feels like there's no enough momentum for a rebound. --- Social media buzz accounts for 15%, maybe our constant chatter is boosting the index haha. --- Every time the index goes down, it's an opportunity to short, that's how I interpret it. --- The highest weight on volatility... with the recent market trend, no wonder the panic index is so low. --- Persistent cautious sentiment is a good thing, indicating that the bubble hasn't reached an extreme.

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