Bitcoin Fear and Greed Index History
Current fear and greed index:
Past fear and greed index (average):
Disclaimer:
The data value provided here is the average/mean value. For a year, the fear and greed index is calculated by dividing the values of addition of Jan and Dec by two. For the monthly index, the initial and final days are considered.
Yearly: Jan + Dec / 2
Monthly: 1 to 4th day + final day / 2
2020: 71 out of 100 (greed)
2019: 33.5 out of 100 (fear)
2018: 26.2 out of 100 (extreme fear)
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Frequently asked questions
What's Fear and Greed Index?
It is a metric that shows the behaviour of the investors. The metric or the index points to two behaviours:
- Fear (worried), resulting in mass trading of Bitcoin
- Greed, which can result in mass buying of Bitcoin.
Who uses the Fear and Greed Index?
It is used by a few investors as a scale to measure market confidence. The fear and greed index is one of the most reliable gauges for investors and has proved to be accurate in market history. For insight, anyone can use the Fear and Greed index.
What's the thesis behind the Fear and Greed Index?
People have the psychological tendency to overreact to a particular topic. The overreaction is simply because of stress hormones. We tend to get tensed more over the topic of money.
When the investors feel tense or worried, they are likely to sell their Bitcoin, and those who are optimistic enough, are fairly confident to buy more because of greed. So far, the well-mentioned index is the best option for most investors around the world.
Should you use Bitcoin Fear and Greed index?
People ranging from beginners to professionals, all can use it without any hassle. You can use it to get a rough idea about the Bitcoin situation in the cryptocurrency market. It's a great tool for predicting the value of Bitcoin.
The only limitation is that different sources claim different values because of their unique estimation and calculations. But the overall result is accurate enough to say whether the investors are greedy or worried.
How do sources measure Bitcoin Fear and Greed index?
The data sources are similar for all the sources using the index. Almost all the popular index sites such as alternative 'dot' me and btctool 'dot' io use the following to calculate the fear and greed index:
- Volume: Higher trade volume indicates greed.
- Search volume: (Queries and trends on search engines)
- Social media: (Twitter hash and Reddit)
- Volatility: High volatility generally indicates fear.
- Market capitalization: Higher market cap represents the dominance over other cryptocurrencies.
Few other references:
- Survey: Sites like alternative 'dot' io conduct surveys on a large scale through their own site to measure the fear and greed index on a scale of 100.