According to the latest data from Jinse Finance, the Fear and Greed Index of the cryptocurrency market has significantly dropped to 37 points from its previous levels. This shift in score indicates that the market sentiment has transitioned from a greedy phase to a fearful one. The index is derived by considering multiple factors including volatility, trading volume, social media sentiment, market surveys, Bitcoin's share in the overall market, and Google search trends. Ranging from 0 to 100, lower scores typically correspond with market pessimism, while higher scores indicate an optimistic market state. This decline in the index reflects changes in the current market environment, potentially signaling adjustments in investor sentiment or potential turning points in the market.