The Concern and Greed (F&G) Index, which is obtainable on a number of totally different platforms, Bitcoin Affords Totally different methodologies and insights on market sentiment. Every platform employs its personal metrics to measure investor sentiment, leading to totally different scores and interpretations on market temper.
Various.me is likely one of the hottest F&G indexes designed particularly for Bitcoin. It takes into consideration elements akin to volatility, market momentum/quantity, social media sentiment, dominance, and traits. The index is up to date each day and is scored from 0 to 100 to point market concern or greed. Knowledge sources embrace Bitcoin volatility (25%), market momentum/quantity (25%), social media (15%), analysis (15%), and dominance (10%).
Coin Statistics It additionally measures market sentiment primarily based on comparable elements akin to volatility, social media, and market momentum; nonetheless, it additionally contains analysis as a part of its evaluation and contributes to the index's outcomes. The index is up to date each 8 hours and takes into consideration volatility (25%), momentum/quantity (25%), social media (15%), analysis (15%), Bitcoin dominance (10%), and Google Tendencies (10%).
CFGI.io It gives a extra complete evaluation by making an allowance for extra elements akin to whale motion and order e book evaluation. It’s up to date each quarter-hour and contains a number of time durations in its evaluation. CFGI makes use of modules to investigate influential variables akin to quantity, volatility, dominance, whale motion, search engine knowledge, and order e book evaluation. This multi-factor strategy gives an in depth understanding of market sentiment.
Binance It additionally gives a proprietary Concern and Greed Index that focuses on comparable metrics to gauge investor sentiment. They calculate the index utilizing quite a lot of sources, offering historic knowledge to trace adjustments over time. Binance's indexes are sometimes up to date each day and have in mind comparable elements to different indexes, akin to volatility and market momentum.
As of the latest replace, Various.me's index exhibits a rating indicating “Excessive Concern” available in the market, reflecting bearish investor sentiment. CoinStats additionally stories an “Excessive Concern” rating, suggesting extra cautious market sentiment. CFGI.io's index gives a dynamic view of market sentiment, with current scores indicating impartial sentiment. These variations spotlight variations in methodology and the significance of contemplating a number of sources for a complete view of market sentiment.
On the time of writing, Bitcoin has risen 2.2% up to now 90 minutes, with a number of indicators suggesting the market is in excessive concern, however Bitcoin is down about 3.4% up to now 24 hours.
