Unfortunately, there are some reasons to be scared : the Lightning Network hack, the failure of Bakkt launch and the Google quantum computing exploit.
How realistic is the Google quantum computing exploit though?
Has anyone run a study of how effective this indicator is? I'm a little skeptical about some of their data sources like Google Trends, Bitcoin Dominance, and the way they analyze Twitter.
I check it everyday, and it seems to be very reflective of the sentiment of people.
It only updates once a day though, and it is based on movements in the price, so you can't really use it as an indicator for trading.