Some thoughts on the recent slump in the currency market

Today's Alternative.me data shows that the panic and greed index is 16 (yesterday was 17), the degree of panic increased slightly, and the level is still extremely panic.

Note: The panic index threshold is 0-100, including indicators: volatility (25%) + market transaction volume (25%) + social media popularity (15%) + market research (15%) + bitcoin in the entire market Proportion (10%) + Google Hotword Analysis (10%).

Although the one-day panic index has no significance in judging the market trend, you can also understand the emotional response of the leeks in the currency circle on that day index has been lower than 20 in the past few days, which shows that everyone is afraid of a further plunge in the currency circle, or is waiting for a further plunge, or pessimistic about the trend of the currency circle.

The recent plunge was caused by media reports that the whale scam group sc