The cryptocurrency markets are known index is a tool for over time.
High volatility often signals fear by reflecting the emotional state that gauges the prevailing sentiment.
The VIX Index is infamously nicknamed the "fear index" due to its tendency to rise when stocks fall, and lower when stocks rise. High dominance points to fear, as investors might favour Bitcoin's stability. Remember, while they might not seem it, the financial markets are influenced by emotion , and so, the emotions of the people involved should be listened to, as they can impact the performance of an asset. A crypto fear and greed index is not like other charts or graphs that you typically see on an exchange.
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