A note: $BTC Sentiment thermometer: Fear & Greed Index 69 (Greed), up 8 from yesterday.
People often ask what the Fear & Greed Index means, so here’s how I understand it.
It combines several types of data: price volatility, market momentum and trading volume, social media buzz, Bitcoin’s share of the total market cap, search trends, and more.
A reading near neutral suggests there’s no strong bias in market sentiment, so the index itself offers limited insight at that point.
Don’t chase trades during the most volatile few minutes. Wait for the price to settle before deciding.
This is a summary of publicly available information. Please verify it yourself.
People often ask what the Fear & Greed Index means, so here’s how I understand it.
It combines several types of data: price volatility, market momentum and trading volume, social media buzz, Bitcoin’s share of the total market cap, search trends, and more.
A reading near neutral suggests there’s no strong bias in market sentiment, so the index itself offers limited insight at that point.
Don’t chase trades during the most volatile few minutes. Wait for the price to settle before deciding.
This is a summary of publicly available information. Please verify it yourself.