Bitwise Europe Research Director: A crypto fear and greed index below 20 signals excess return.

[Bitwise Europe Research Director: Low Crypto Fear and Greed Index Below 20 Indicates Excess Return Signal] Due to the sluggish market, on November 14, the Crypto Fear and Greed Index fell to 16, entering the extreme fear zone. Bitwise Europe Research Director André Dragosch posted on X, stating that when the Crypto Fear and Greed Index is below 20, the subsequent average performance of Bitcoin is: 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 many analysts believe that the Crypto Fear and Greed Index is just noise, but in fact, this index has historically signaled excess returns.