Crypto Fear & Greed Index: 47 Neutral
About this index
Crypto market sentiment, updated daily. Is the crypto market fearful or greedy right now? A clear daily reading, built from how traders are actually positioned — not headlines or hype.
What drives it
The four components
Each one 25% of the score.
About the components
Four signals, weighted equally — each reading the market a different way, so the score isn’t just the price chart in disguise.
On-chain
Where Bitcoin holders sit in the cycle
Read straight from the blockchain: are holders in profit, and are they selling? Not part of the score.
How to read this
Because the blockchain is public, we can see something stocks never reveal: whether the average holder is in profit or in pain — and whether they’re selling.
MVRV above about 3 and NUPL above about 0.75 have marked euphoric zones in the past; values near or below zero have marked capitulation. SOPR above 1 means coins are moving at a profit, below 1 at a loss.
Behind the score
Where the money is going
Which coin is leading, how much traders are borrowing to bet, and how much cash is waiting.
How to read this
Ether against Bitcoin: the ETH/BTC ratio against its 90-day average. Ether leading usually means appetite for risk within crypto; Bitcoin leading means money is favouring the safest coin.
Borrowed bets: the funding rate on Kraken perpetual futures, as a yearly rate. Positive means traders betting on a rise pay to keep their positions open.
Cash waiting: total stablecoin supply from DefiLlama, and how much it changed in 30 days.
Two comparisons
Against alternative.me, and against stocks
When the readings split, the gap is the interesting part.
How to read this
The crypto index most people quote is alternative.me. It leans on social media and search trends; this one leans on what traders are actually doing — options, leverage and stablecoin flows.
This index weighs: Bitcoin momentum against its trend, implied volatility (Deribit DVOL), perpetual funding and leverage, and stablecoin capital flows; on-chain holder profit and loss is shown alongside. alternative.me weighs: price volatility, momentum and volume, social media sentiment, Bitcoin dominance and Google Trends.
History
How sentiment has moved
Every daily reading, with Bitcoin’s price on the right.
Methodology
How the index is built
No black box: four signals, each scaled to 0–100 and averaged equally.
- Extreme fear0–20
- Fear21–40
- Neutral41–60
- Greed61–80
- Extreme greed81–100
Market Momentum
Where Bitcoin’s price sits versus its recent average. Trading well above points to strength and greed; well below, to weakness and fear.
Implied Volatility
How much turbulence the options market expects — crypto’s take on the stock market’s “fear index.” Calm reads as greed (even complacency); stormy reads as fear. It looks ahead, not behind.
Funding / Leverage
What traders pay to hold leveraged bets. Crowded bullish bets read as greed; bearish bets paying up read as fear; near zero is balanced.
Capital Flow
How fast stablecoins — crypto’s cash — are being created or cashed out. More cash arriving reads as greed; cash leaving reads as fear.
How to read it
Readings go back to May 2025 and grow daily. Extreme readings are worth noticing, but markets can stay fearful or greedy for a long time: treat this as context, not a buy or sell signal.
Bitcoin and Ether prices from Yahoo Finance; implied volatility from Deribit’s DVOL index; perpetual funding from Kraken Futures; stablecoin supply from DefiLlama; on-chain metrics from BGeometrics. You can pull the raw data yourself from the API.
Frequently asked questions
What is the Crypto Fear & Greed Index?
A 0–100 composite measuring crypto market sentiment from four signals — price momentum, implied volatility, perpetual funding, and stablecoin capital flows. Higher values mean greed (potentially overbought); lower values mean fear (potentially oversold). It's a contrarian reference point, not a trading signal.
How is it different from the alternative.me index?
The FearGreedChart Crypto Index uses a fully disclosed, percentile-ranked methodology consistent with the FearGreedChart stock indices, and leans on forward-looking implied volatility and leverage positioning rather than social-media sentiment or surveys. On-chain holder profit/loss is surfaced directly. The indices are shown side by side, so where they disagree is transparent rather than hidden.
What do MVRV, NUPL and SOPR mean?
They measure whether the average Bitcoin holder is in profit or loss and whether they're realising it, computed directly from the public blockchain. MVRV above ~3 and NUPL above ~0.75 mark historical euphoria/top zones; values near or below zero mark capitulation/bottom zones. SOPR above 1 means coins are moving at a profit, below 1 at a loss.
Where does the data come from?
Bitcoin and Ether prices from Yahoo Finance; implied volatility from Deribit's DVOL index; perpetual funding from Kraken Futures; stablecoin supply from DefiLlama; on-chain metrics from BGeometrics. All primary, free, public sources — no scraping and no paywalled black boxes.
How often is it updated?
Once per day.
Is this investment advice?
No. It's a contextual sentiment measure, not a buy/sell signal. Past patterns don't predict future returns. Always consult a qualified financial professional before making investment decisions.