Our Fear and Greed Index
Each day, we analyze the emotions and sentiments from different sources in the web and crunch them into one simple number:
We call this “The Fear & Greed Index” for Bitcoin.
Why We Measure Fear and Greed
The cryptocurrency market-behaviour is extremly emotional. The people tend to get very greedy when the market is rising. This results in FOMO (Fear Of Missing Out). On the other hand people often sell their tokens in irrational reactions when they see red numbers on their screen. With the Fear and Greed Index from BitExplorer, we try to save you from your own emotional overreations.
More about Social Sentiment Data can be found here.