What is Bitcoin Fear And Greed Index?
The Bitcoin Fear and Greed Index is a tool that is designed to measure the emotions and sentiments of traders and investors in the Bitcoin market. It is a composite index that uses a variety of indicators to determine whether the market is experiencing fear or greed at any given time.
The index is based on a scale from 0 to 100, with a score of 0 indicating “extreme fear” and a score of 100 indicating “extreme greed.” When the index is at the lower end of the scale, it suggests that investors are fearful and may be hesitant to buy Bitcoin. When the index is at the higher end of the scale, it suggests that investors are greedy and may be more inclined to buy Bitcoin.
Some of the indicators that are used to calculate the Bitcoin Fear and Greed Index include: