Cryptocurrency Fear/Greed Index Interpretation
This index is used to avoid emotional disturbances in the market, specifically targeting Bitcoin, reflecting market sentiment with values ranging from 0 to 100. The core logic and data sources are as follows:
1. Core Sentiment and Operational Reference
• Extreme Fear (Low Value): Investors are overly worried, which may present a buying opportunity.
• Too Greedy (High Value): Investors are overly excited, and the market may be facing a correction.
2. Five Major Data Sources (including weights)
• Volatility (25%): Comparing Bitcoin's current and maximum values with the average over the past 30/90 days; abnormal increases in volatility = market fear.
• Market Momentum/Trading Volume (25%): Comparing current trading volume and momentum with the average over the past 30/90 days; significant buying in a bullish market = too greedy/bullish.
• Social Media (15%): Measuring the interaction speed of Bitcoin-related posts on Reddit and Twitter; unusually high interactions = increased public interest, corresponding to greed.
• Market Surveys (15%): Conducting cryptocurrency polls on strawpoll.com weekly (2000-3000 responses) to assist in gauging investor sentiment.
• Dominance (10%): An increase in Bitcoin's market capitalization share (dominance) = market fear (shifting to Bitcoin as a safe haven); a decrease = market greed (shifting to high-risk coins).