As offered by a number of totally different platforms, Worry and Greed (F&G) indexes for Bitcoin provide totally different methodologies and views on market sentiment. Every platform makes use of distinctive metrics to measure investor sentiment, resulting in totally different scores and interpretations of market sentiment.
Different.me is without doubt one of the hottest F&G indices designed particularly for Bitcoin. It considers components resembling volatility, market momentum/quantity, social media sentiment, dominance and developments. The index is up to date each day and has a rating of 0 to 100, indicating concern or greed available in the market. Information sources embody volatility (25%), market momentum/quantity (25%), social media (15%), surveys (15%) and bitcoin dominance (10%).
CoinStats it additionally measures market sentiment based mostly on related components resembling volatility, social media and market momentum. Nonetheless, it does embody surveys that contribute to the index outcome as a part of its evaluation. This index is up to date each 8 hours and takes into consideration volatility (25%), momentum/quantity (25%), social media (15%), polls (15%), Bitcoin dominance (10%) and Google Developments (10%). .
CFGI.io presents a extra complete evaluation by making an allowance for different components resembling whale motion and order e book evaluation. It supplies updates extra continuously, each quarter-hour, and contains a number of temporalities for evaluation. CFGI makes use of modules to research influential variables together with quantity, volatility, dominance, whale motion, search engine knowledge and order e book evaluation. This multifactorial strategy permits for an in depth understanding of market sentiment.
Binance additionally supplies its personal variations of the concern and greed index, specializing in related metrics to measure investor sentiment. It calculates the index utilizing numerous sources and supplies historic knowledge to trace modifications over time. The Binance Index is usually up to date each day and takes into consideration components just like different indices resembling volatility and market dynamics.
As of final updates, Different.me's market index confirmed a rating indicating “Excessive Worry,” reflecting bearish sentiment amongst traders. CoinStats additionally reported an “Excessive Worry” rating, indicating extra cautious market sentiment. The CFGI.io index supplies a dynamic view of market sentiment, with the most recent rating 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.
At press time, Bitcoin is up 2.2% within the final 90 minutes, whereas a number of indicators present that the market is in excessive concern. Nonetheless, Bitcoin can also be down 3.4% within the final 24 hours.
